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.

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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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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