Canada 10-Year Yield Rises Amid Global Rate Pressures

Canada's 10-year government bond yield rose to 3.999% on Wednesday as investors weighed economic resilience, inflation risks, and higher global borrowing costs.

The move came a day after data showed Canada's economy was unchanged in July, while an advance estimate pointed to a modest rebound in August.

Construction and utilities sectors saw gains in July, offsetting weaknesses in manufacturing, mining, oil and gas extraction, and retail trade. Statistics Canada reported construction rose 1.3% and utilities increased 1.7%, with the overall economy remaining broadly flat.

The Bank of Canada forecasts annualized third-quarter growth of 1.5%, but the outlook remains clouded by trade tensions and inflation pressures.