Canadian Market This Morning
Soft commodity prices and a long weekend on the Canadian calendar -markets closed on Monday -have left the loonie in a weakened state. USD/CAD sold off to new multi-day lows as did CAD/JPY. EUR/CAD is off it’s best levels but remains overall range-bound.
Canadian bonds are trading about unchanged with the long end of the curve a bit more active than short dates. 10yr yld is at 3.70, the 30 is at 4.1%.
The S&P/TSX is likely to see another choppy day as oil prices continue to gyrate. Yesterday the index closed down 90 points to 13,592.