Month: May 2015
Bond markets have tanked in the past several weeks, driving yields upward. Hundreds of billions of dollars have been wiped out in global bond markets. Ten-year government bond yields in Canada have risen 50 basis points (bps) in the past month as Treasury yields have jumped 32 bps. The rate increases in sovereign European bonds…
Employment data for the U.S. and Canada were released this morning, and once again, there was more bad news for Canada. Employment edged down in April (-20,000) on the heels of relatively flat numbers for the year so far. This was the largest decline in employment since August. Gains in full-time employment were more than…