Monday's bond market was as tranquil as a yoga retreat, with traders mostly meditating ahead of Wednesday's FOMC decision. No one expects any surprises from the Fed this week, but Chair Powell's press conference could still send yields on a rollercoaster ride, depending on

U.S. yields rallied hard on Friday, and Canadian yields were hot on their heels. These are some of the factors that fuelled the bond market theatrics, and their directional influence.

America's labour market still has a heartbeat, and that's supporting both U.S. and Canadian rates this morning. Here are the vital signs from America's marquee economic release: * April job growth: +177K (est. 138K | prior 185K) * Unemployment: 4.2% (est. 4.2% | prior 4.

Manulife had a record-breaking year selling mortgage creditor insurance in 2024. That cemented the company as the biggest provider of such insurance in the land, followed by Canada Life. So, what’s the magic behind Manulife’s creditor life insurance (CLI) win streak? We put that question to Mario Cloutier,