07:40 AM EDT, 10/01/2024 (MT Newswires) -- It's eerily quiet in Canada this week, with no major market-moving macroeconomic data releases on deck, noted Bank of Montreal (BMO).

Canadian yields were little changed last week and the 10-year sits at 2.95% early Tuesday, said the bank. With the five-year now down to 2.72%, BMO looks for further downward pull on fixed mortgage rates in the coming months unless something materially changes in the interest rate outlook.

The Canadian dollar (CAD or loonie) is little changed at $1.354/USD (73.9 US cents) early Tuesday and held firm last week despite the slip in WTI oil prices below $70/barrel.

On deck Tuesday, it's just the S&P PMI and auto sales, both for September, added the bank.