Canadian markets are digesting a mixed picture, with the loonie under pressure from widening rate spreads and softer oil prices even as G7 coordinated reserve releases lifted crude
Canadian markets are digesting a mixed picture, with the loonie under pressure from widening rate spreads and softer oil prices even as G7 coordinated reserve releases lifted crude briefly. July GDP came in flat, and Bank of Canada officials are signaling the policy rate is a blunt tool for housing affordability, tempering expectations for further hikes. Nuclear names like Cameco slipped despite supportive U.S. reactor news, while quantum computing stocks saw profit-taking after a strong run.
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