Canadian yields held steady through three separate shocks this week, a global bond selloff, a hawkish Bank of Canada hold, and a dovish comment from a U.S. Federal Reserve governor, while the TSX climbed each session. Only Friday's jobs report broke the pattern: Canada shed 41,700 positions against an expected gain, while the United States added 162,000. The mismatch weakened the Canadian dollar, which in turn helped manufacturing, the one sector that grew in August, and left the TSX higher for the week despite the headline miss.
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