Morning Bid: Canadian cloud, rates markets checked

A look at the day ahead in U.S. and global markets from Mike Dolan Wildfire smoke wasn’t the only cloud from Canada that drifted over the United States this week. The Bank of Canada’s resumption of interest rate rises after a four-month pause blurred the horizon for Federal Reserve policy somewhat too, reminding markets that central banks still see inflation as way too high and rate hikes are not done yet. It was enough to nudge borrowing rates back up slightly across the maturity spectrum and served a shot across the bow to otherwise buoyant stock markets and subdued risk…