Money markets on Wednesday not only priced in higher odds for a rate cut in the U.S. later this month - but did so for Canada as well.

Data Wednesday showed U.S. job openings falling to a 10-month low in July and there were more unemployed people than positions available for the first time since the COVID-19 pandemic. The so-called JOLTS report provided further evidence that the Federal Reserve would cut interest rates this month to help support the economy.

Meanwhile, a series of commentaries from Federal Reserve officials on Wednesday were widely interpreted as being dovish.

Fed Governor Christopher Waller repeated his call for an interest-rate cut in September given the weakening of the labour market, and said that how fast the central bank cuts after that will depend on what hap

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