Markets

Canadian Market Outlook

GoCs remain in a holding pattern as attention turns to U.S. retail sales data. The market has been digesting firmer than anticipated Eurozone GDP. And Canadian manufacturing shipments a 8.30am ET are projected to bounce 1.0% in September (median forecast +1.0%). But anticipated soft U.S. retail sales data has helped cap yields. The 10-year yield is little changed at 2.045%, extending consolidation between 2.00% and last Friday's one-month high at 2.10%. And USD-CAD has stabilized around 1.1370, having rebounded from a nine-day low at 1.1277 on Wednesday, but still capped by 1.1400.

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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