Themes that have recently characterized Canadian financial markets generally held true again this week. The Canadian dollar was broadly unchanged, hanging at a low level of 73 U.S. cents which will do no favours for inflation. Meanwhile, the 10-year Canada yield moved somewhat higher (as of writing), as U.S. rate cut expectations continue to be pared back. Meanwhile, the WTI oil benchmark climbed by about $2, reflecting an unanticipated drawdown in inventories.