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The Canadian bond market eked out a small gain in April, as shorter term yields rose and longer term yields fell slightly. Disappointing economic data in Canada, as well as globally, made investors more cautious and that pushed government yields lower. Partially offsetting the impact of weaker growth was a more hawkish stance from the Bank of Canada that led to higher short term yields. The DEX Universe Bond index earned 0.13% in the month.
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