Markets show tentative signs of recovery
Investors are bargain-hunting across the financial markets this morning, scooping up discounted assets after a multi-week selloff. Futures on North American equity markets are pointing to gains after the open, Treasury yields are inching higher, and economically-sensitive currencies are outperforming their safe-haven brethren amid a broader improvement in risk appetite. The Canadian dollar remains narrowly rangebound after yesterday’s inflation figures failed to alter expectations for the Bank of Canada to keep rates on hold for the rest of the year. After delivering an aggressive 200 basis points in easing over the last two years, the Bank has landed near what...