1105 ET - Both upside and downside risks for Canada are getting smaller, with growth improving even as inflation has remained well anchored around 2%, Ninepoint Partners' Etienne Bordeleau-Labrecque says. So while the tone of the Bank of Canada's comments accompanying its decision to leave interest rates steady are neutral, the portfolio manager says the odds are tilted toward an eventual rate increase. For interest rates, Bordeleau-Labrecque says it means that the Canadian bond market has materially outperformed the U.S. market lately. He expects this outperformance to reverse as better data comes in, gradually pushing the market to price-in rate increases late in 2026 or early 2027. (robb.stewart@wsj.com; @RobbMStewart)

(END) Dow Jones Newswires

July 15, 2026 11:05 ET (15:05 GMT)

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