Analysts at TD Securities noted that North American equities saw a mixed performance on Thursday with the S&P 500 closing 0.6% higher to recoup most of yesterday’s loss while the TSX fell another 0.4%.
Key Quotes:
“Canadian rates sold off nearly 5bps in the front-end and belly on the back of Poloz’s presser, while USTs outperformed.”
“The USD was mixed against G10 currencies with CAD (+0.6%) leading the complex on higher oil prices and the recovery in Bank of Canada rate expectations.”
“EUR (+0.1%) and GBP (-0.3%) saw a noisy session as the EU leaders’ summit gets underway while NZD (-0.5%) weakened after yesterday’s RBNZ meeting.”
“The Bank of Indonesia, Eurozone CPI and top-tier data in North America make for an eventful Friday.”
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