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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

CANADA
MNI (Ottawa)
  • "Failure to place consolidated gross general government debt/GDP on a downward path over the medium term could lead to negative rating action."
  • "Significant fiscal deterioration in 2020 was a key factor in Canada's downgrade to 'AA+'/Stable in June and the latest announcements point to continued risks of further deficit widening" Fitch says in report Thurs, referring to CAD39b of new relief/jobless benefits announced last week
  • General government deficit now seen at 21% of GDP in 2020, "wider than our 16.1% of GDP estimate at the time of the downgrade."
  • Spending still seen falling sharply in 2021, Fitch says
  • Provincial govt deficits also climbing
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com