With America's shutdown dragging on and its marquee payrolls report in limbo, Canada's 5-year yield climbed 2 bps on Friday. For the week as a whole, however, it slid 5 bps.
Looking ahead, rate markets will watch tomorrow as our Prime Minister goes back into the lion's den (a.k.a. the White House) for a second meeting with Trump. The President knows Carney’s political oxygen depends on a tariff win and will no doubt use that leverage against him.
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