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Line chart of the Government of Canada 10-year bond yield, daily from September 2 to October 1, 2026, with a market-pricing marker.

Canadian economic data argued for patience, with flat July growth and the slowest manufacturing expansion in six months, yet the 10-year yield kept rising as oil and US yields set the tone. A marker on September 17 notes market pricing of a roughly even chance of an October rate hike. Friday's US payrolls report then reset rate expectations, and a domestic leg remains because third-quarter growth is tracking above the Bank of Canada's July forecast.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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