Canadian equity futures edge lower as global bond yields surge

  • Canadian equity futures edged lower Thursday as global government bond yields rose.
  • 81% was BlackBerry’s reported increase in EBITDA for 2Q26.
  • Canadian retail sales likely posted their strongest gain since January in August, preliminary estimates showed.

Canadian equity futures edged lower Thursday as a sharp rise in global government bond yields weighed on stocks. Canada’s 10-year government bond yield neared a three-year high, with energy-driven inflation concerns persisting as U.S. Treasury yields climbed to multi-decade highs. Crude oil rose amid heightened Middle East tensions, while strong economic data released Wednesday pushed U.S. yields higher and reinforced expectations of another Federal Reserve interest-rate increase this year. Higher borrowing costs continued to pressure credit-sensitive stocks, while surging Treasury yields drove gold lower and weighed on mining shares. BlackBerry reported strong 2Q26 results, including an 81% increase in EBITDA. Preliminary estimates also indicated that Canadian retail sales likely rebounded in August, marking their strongest gain since January.

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