FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The Canadian government bonds traded nearly flat on Wednesday, succumbing to thin trading activity during a relatively quiet session that saw little data of much significance. The yield on the benchmark 10-year bond which moves inversely to its price hovered around 1.08 percent mark and the yield on short-term 2-year note remained steady at 0.55 percent by 13:00 GMT.
On Friday, the Canada GDP declined 0.6 percent m/m in May (worst month in more than 7 years on Alberta wildfires), consensus wad for a 0.4 percent m/m fall, from up 0.1 percent m/m in April.
The Canadian bonds have been closely following developments in oil markets because of their impact on inflation expectations, which are well below the Bank of Canada's target. Crude oil prices remained weak as fuel oversupply and stuttering economic growth weighed on markets. The International benchmark Brent futures fell 0.26 percent to $41.69 and West Texas Intermediate (WTI) tumbled 0.05 percent to $39.49 by 12:30 GMT.
Moreover, investors will remain keen to focus on the upcoming economic data, highlighted by trade balance and employment report.
Lastly, Canadian stocks may struggle to continue its winning track on Tuesday morning amid sluggish commodities. Markets will remain closed on Monday on account of civic holiday.
The S&P/TSX Composite Index fell 0.72 percent at the close of the trading session to 14,477.01 on Tuesday.
