Canadian Employment Shoots Higher – CAD Takes the Lead.Amid the absence of key US labor data during the longest US government shutdown in history (which has undoubtedly started to weigh on market sentiment, look at stocks this week!), the northern neighbor Canada was still able to deliver a surprise to traders.
Canada 10 Year Government Bond Yield increased to 3.18%, the highest since October 2025. Over the past 4 weeks, Canada 10Y Bond Yield lost 1.40 basis points, and in the last 12 months, it decreased 0.30 basis points.
U.S. UoM consumer sentiment slides to 50.3 as shutdown worries weigh.U.S. consumer confidence weakened sharply in November as the University of Michigan Consumer Sentiment Index fell to 50.3, down from 53.6 and below expectations of 53.2. Both key subcomponents declined: the Current Economic Conditions Index plunged to 52.3 from 58.6.
Natural Gas Price Outlook – Natural Gas Drifts a Touch Lower Early on Friday.Natural gas prices opened higher before fading on Friday, showing signs of exhaustion after a sharp rally. While demand remains supportive into winter, a short-term pullback appears likely before the broader uptrend resumes.