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Local News Recap

CANADA
  • BOC’s Lane almost indicated that a hike on March 2 was a done deal in Q&A yesterday that hit at the same time as the FOMC minutes. This wasn’t a surprise with 33bps priced and seemingly unanimous analyst expectations for a 25bp hike, but nevertheless prompted a spokesman to clarify that no decision has been made yet.
  • GS yesterday upped their rate call from 4 hikes to 6 hikes to 1.75% in 2022, before a quarterly pace in 2023 sees a terminal 2.75%.
  • Police delivered flyers to remaining demonstrators with actions against them coming in ‘hours and days’, on the 20th day of protests. Public Safety Minister Mendicino said the protest group includes people who wish to overthrow the government – Bloomberg.
  • Desjardins Group, plans to sell more USD-denom. debt as part of its C$7.9B funding plan this year, with a transaction possibly in 1H22.

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