3:00 Friday vs 3:00 Thursday
2yr 99-09 vs 99-12; 4.121% vs 4.085%
5yr 98-09 vs 98-10; 4.258% vs 4.253%
10yr 98-12 vs 98-11; 4.558% vs 4.582%
30yr 98-31+ vs 98-10+; 5.064% vs 5.107%
2/10 43.472 bps vs 49.427 bps
5/30 80.574 bps vs 85.232 bps
Related Articles
Treasury
CIBC On the Week Ahead In Canada Economics
According to Avery Shenfeld, Canada has told a "one-step-forward, one-step-backward story" for quarterly GDP going back to the spring of 2025, and he said we're due for a "respectable gain" in Q1 data next Friday on the heels of the decline posted in Q4. While CIBC's 1.7% forecast on quarterly annualized is a bit above consensus for 1.4%, that will be offset by a flat reading for March GDP that will signal a softer, but not negative, quarterly growth rate for Q2, Shenfeld said. CIBC sees 0.0% for March GDP versus a consensus 0.1%.On the current account deficit, Shenfeld said it will "look a lot better" in Q2, but he added the first quarter data due out next Thursday won't pick up enough of the benefit from higher oil prices that will show up in the spring data. CIBC sees a deficit of $4.7 billion compared to a consensus deficit of $2.5 billion.Also on the CIBC diary for next week, Nicolas Vincent, External Deputy Governor at the Bank of Canada, will deliver a speech in CIRANO, Montreal, Quebec, at 8.30am on Tuesday. Then there will be the auction of $5 billion in 10-YR CANADAS on Wednesday.Thursday also sees the release of March Payrolls data and the BoC's Financial Stability Report and Financial System Survey, an assessment of potential risks to the stability of Canada's financial system. The Governor and Senior Deputy Governor will hold a press conference at 11am ET to discuss the contents of the Report.Note: US markets are closed Monday for the Memorial Day holiday.Price: $160.20, Change: $+1.93, Percent Change: +1.22%
$$CXY$CM.TO
Treasury
Orecap Invest Arranges an Interest Free, Unsecured Loan From its Chief Executive
Orecap Invest (OCI.V) on Friday said it reached an agreement with a non-arm's length lender for a $833,333 loan.The company will use the funds for general corporate purposes.The loan is payable on demand with a term of six months, unsecured and non-interest bearing, though any default will raise the interest rate to 10% annually.The lender is a company owned and controlled by Stephen Stewart, Orecap's chief executive..The company's shares were last seen up $0.005 to $0.135 on the TSX Venture Exchange.Price: $0.14, Change: $+0.01, Percent Change: +3.85%
$OCI.V
Treasury
RBC Maintains Perpetua Resources' Outperform Rating, US$42 Price Target
RBC Capital Markets on Thursday reiterated its outperform, speculative risk, rating on the shares of Perpetua Resources (PPTA.TO, PPTA) and its US$42.00 price target after the company secured a US$2.9-billion loan from the Export Import Bank of the United States to fund construction of Perpetua's Stibnite gold project in Idaho.This U.S. decision follows a 25-day Congressional notification period and due diligence by EXIM, RBC said.The loan allows Perpetua to reach a final investment decision and shift focus to execution and full construction in the second half, RBC said.Price: $35.30, Change: $-1.52, Percent Change: -4.13%
$PPTA$PPTA.TO