Markets

Canada Market Outlook

GoCs were weaker ahead of the FOMC announcement this afternoon. The 2-year yield had moved 1 bps higher to 0.528%, eclipsing Wednesday's session high of 0.527%. The 10-year yield had backed up to 1.50% from 1.48% late in yesterday's session. Equities made headway overnight in Asia and Europe, with gains nearly across the board in both regions. Crude oil was gyrating around US$37 per barrel, according to NYMEX after running higher to $37.80 late Wednesday. Today's domestic data and events calendar is thin, with just international Transactions in Securities on the docket.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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