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Family Day: Bond Market, TSX Closed

CANADA
  • FX: USDCAD trades marginally lower on the day at 1.2746 having been -0.2% lower in a continuation of the move on a touted Biden-Putin summit before reversing. It sits towards the higher end of the post-BOC/FOMC range of 1.2797 (Jan 28 high) to 1.2636 (Feb 10 low).
  • Data: No data today and a light week, with only the CFIB business barometer for Feb and SEPH payrolls for Dec on Thu.
  • BOCspeak: Nothing scheduled ahead of media blackout starting Wed before the policy decision next Wed (Mar 2).
  • News recap: China bans direct and indirect imports of poultry from Canada over bird flu concerns.
  • Police largely cleared remaining protesters from downtown Ottawa over the weekend. 206 bank and corporate accounts related to the blockade have been frozen.

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