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Canada Market Outlook

GoCs were little changed as domestic and U.S. jobs reports loom this morning. Yields were steady following Thursday's declines, with the 2-year at 0.565% and the 10-year at 1.35%. Equities were weaker in Asia and were posting declines in Europe. Japan's re-opened Nikkei 225 slipped 0.3%, Hong Kong's Hang Seng slumped 1.7% and China's Shanghai comp tumbled 2.8%. In Europe, the FTSE 100 was off 1.0%, the DAX down 0.8% and the Euro Stoxx 1.2% weaker. The S&P/TSX 60 index future pointed to a modestly weaker open. The Canadian dollar was slightly weaker, as USD-CAD had risen to near session highs of 1.2878 from overnight lows of 1.2840. Today's calendar has April employment at 8.30am ET and the April Ivey PMI at 10.30am ET.

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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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