U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since December 2007, after data showed employers added workers in December at about the same pace as the prior month.
In the heart of the Canadian Prairies, bankers made no pretense of working once the puck dropped to start the men’s Olympic hockey semifinal between Canada and the U.S.
Canada’s 10-year notes dropped for the first time in six days, ending the longest winning streak in three months, after a report yesterday showed that gains in inflation slowed.
Options are signaling that the Federal Reserve can reduce its bond-purchase program without causing a spike in price swings in the Treasury market.
Canola processing in Canada, the world’s biggest grower and exporter, has declined even after last year’s record harvest because railway backlogs have slowed shipments to mills.