7. August 2012 05:32
Yields pop up as equity markets are resuscitated by hopes of a recovery. Last week’s better than expected employment numbers out of the United States, speculation about increased support for faltering economies in Europe and the expectation of stimulus in China have bolstered the appetite for risk.
There’s a little bit of Canadian data today. The value of building permits fell 2.5% in June. A sharp drop in institutional permits drove the decline. Nationally, housing permits were up 4.2% for June. (The increase in May permits was revised downward to 7.1% from 7.4%.)