Rising energy prices this week pushed government bond yields higher, while equities traded water. At the time of writing, the S&P/TSX Composite was flat relative to last week, while the Government of Canada 10-year yield rose 10 basis points over the week. Oil prices were volatile, but finished higher, up roughly 2.4%, reflecting ongoing geopolitical risks and persistent supply concerns. Despite everything that’s going on, the near-term Canadian outlook is little changed. The Federal Government’s Spring Economic Update (SEU) didn’t materially alter the fiscal trajectory, while the Bank of Canada signalled that if its ... (full story)