Surprising gains in output and inflation will probably keep Bank of Canada Governor Stephen Poloz from signaling looser monetary policy again after the central bank sent dovish messages on its last three announcement dates.
The 10-year Treasury note traded within the narrowest monthly range since April 2007 as unrest in Ukraine and debate about weather-affected economic data dissuaded investors from pushing yields higher.
Treasuries gained, pushing 10-year note yields to the lowest level in five days, as a gauge of consumer confidence fell more than forecast this month, fueling demand for the safety of U.S. government debt.
Kevin Li, head of Canadian investment banking at Canadian Imperial Bank of Commerce, was promoted to lead its European business, according to Vlaad & Co., a Toronto-based financial-services recruiting firm.
Quebecor Inc. surged the most in more than four years after spending C$233 million ($210 million) to buy airwaves in a government spectrum auction that positions the company to become Canada’s fourth national wireless operator.
Treasuries fell to last place among the world’s bond markets in the past year as investors bet the U.S. economy will improve as winter weather conditions ease, while the Bank of Japan increased efforts to spur growth.