Bonds & Stocks
Dip buyers drove a rebound in US stocks, betting that the three-day selloff led by technology shares was overdone. Bitcoin rose as the risk-off tone subsided.
Economy
A relentless rally is pushing yields on a growing number of emerging market government bonds below those of US Treasuries. About 2% of securities in a benchmark JPMorgan Chase & Co. index of hard-currency debt now offer yields below comparable Treasuries.
World
The Canadian economy shed 24,800 jobs last month, with the largest employment losses in manufacturing as US tariffs continue to take a bite out of the sector. However, the impact of the job losses on the unemployment rate was counterbalanced by fewer people looking for work, allowing the rate to fall to 6.5%.