A hefty helping of U.S. economic data has Canadian yields on the down escalator. Here was Thursday’s menu of bond movers and which way they nudged rates.

Canada's 5-year yield tiptoed upward as markets braced for Thursday’s data deluge. Otherwise, the day's trading had all the excitement of a beige wallpaper convention. Here's what nudged Canada’s 5-year yield on Wednesday, and in which direction.

The bond market exhaled after April’s U.S. inflation data showed tariffs hadn’t yet jacked up price levels—though that’s more a temporary reprieve. Most economists continue to think recession is a bigger risk than inflation. But that chapter isn't yet written, especially with supply

The tariff wars aren't blowing up U.S. prices just yet, at least not based on April's official data. But economists say: wait for it. Here are the latest readings: * CPI m/m: 0.2% (est. 0.3% | prior -0.1%) * CPI y/y: 2.3%