FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Apple Headline Modestly Weighs On Sentiment

CANADA
  • Apple headlines on the plans to slow hiring and spending for some teams in 2023 have a surprisingly modest impact on Canadian assets considering S&P E-minis have unwound the day’s gains, as both GoCs and USDCAD remain well within session ranges.
  • GoCs have seen a small acceleration of the recent unwinding of an earlier sell-off, 2YY dipping 0.5bps for the 2Y and growing to 1.5bps for the 10Y since the headline, leaving yields up 1.5-2.5bps on the day across most of the curve.
  • USDCAD climbs further off earlier lows of 1.2899, up 20 pips to trade -0.5% on the day at 1.2966 as 1M implied vol remains relatively elevated.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage Bank of Canada Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.