Ten-year Canadian bond yields rose to 1.21% from 1.17% late on Friday. The United States and China sought to ease tensions on Monday, with Beijing calling for calm and US President Donald Trump predicting a trade deal after markets fell in response to new tariffs from both countries. That boosted risk sentiment, sending stock prices higher, and gave a modest boost to the Canadian currency. Ongoing concerns about the trade dispute, however, may cap further gains. Canada exports many commodities, including oil, so its economy could be hurt by a slowdown in the flow of global trade.
Ten-year Canadian bond yields rose to 1.21% from 1.17% late on Friday. The United States and China sought to ease tensions on Monday, with Beijing calling for calm and US President Donald Trump predicting a trade deal after markets fell in response to new tariffs from both countries. That boosted risk sentiment, sending stock prices higher, and gave a modest boost to the Canadian currency. Ongoing concerns about the trade dispute, however, may cap further gains. Canada exports many commodities, including oil, so its economy could be hurt by a slowdown in the flow of global trade.