Markets

Canadian Market Outlook

GoCs have edged higher following the Remembrance Day holiday, helped by Q3 contraction in Eurozone industrial production and weakness in European stocks. Although the market has also been weighing speculation that Japan may delay its sales tax hike. And supply will remain a headwind, featuring the second leg of the U.S. November refunding and the C$1.4 billion GoC 30-year auction. The 10-year yield has dipped 0.5 bp to 2.055%, toward the middle of the recent 2.00%/2.10% range. And USD-CAD has dipped to the 1.1320 area. Domestic data features the October Teranet/National Bank HPI. And Bank of Canada Deputy Governor Lawrence Schembri will deliver a PowerPoint presentation (to be published on the Bank's website at 11.10am 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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