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Canadian Market Outlook

GoCs have firmed and the curve has flattened as lingering risks around a Greece exit from European Monetary Union helped send the 10-year Bund yield to a fresh record low. Stronger than expected Eurozone industrial production data has had little impact, with European stocks leaking lower. The 10-year yield has dipped 1.5 bps to 1.335%, extending pullback from a near two-week high on Monday at 1.395%. And USD-CAD has traded in a narrow range around 1.2580. The domestic data calendar remains light, leaving the focus on U.S. retail sales data. Attention will also be turning to the Bank of Canada announcement and MPR on Wednesday.

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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