The economy is firmly in expansion mode so the Bank of Canada will take rates higher. Higher short-term rates will push up yields.
More Quotes from Mark Chandler:
Given the fact that core was as expected and remained unchanged on a year on year basis, I don't think it will really change the Bank of Canada's decisions much.Mark Chandler
It's mostly just coming off the back of profit selling, if you like, after a good result yesterday. The down move in the U.S. is basically due to oil.
Mark Chandler
Strength in retail sales presages strong economic growth, which will put upward pressure on bond yields. The central bank may be a little bit more aggressive in hiking rates.
Mark Chandler
The Bank of Canada may raise the rate to 4 percent and pause. Initial reaction is a weaker Canadian dollar.
Mark Chandler
If the Liberal Democrats lose seats, we are likely to see a yen sell-off.
Mark Chandler
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