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Macklem Remarks Shortly At 1135ET

CANADA
  • BoC’s Macklem remarks published at 1135ET, the speech at 1150ET including initial Q&A and then media Q&A at 1310ET
  • Ahead of remarks, USDCAD has cleared resistance at yesterday’s high of 1.3696 with a session high of 1.3731, next opening the bull trigger of 1.3838 (Sep 30 high).
  • GoCs trade in line with front end Tsys (+5bps) with minor outperformance across 5-10Y (+4.5-5bps).

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