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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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Outlook: BoC Dep Gov Kozicki Ahead

  • Ahead: BoC Dep Gov Kozicki speaks on “A world of difference: households, the pandemic and monetary policy” at circa 1245ET with text published.
  • This is the only BoC commentary between the Macklem & Rogers House hearing on Mar 3 and the next policy decision on Apr 13.
  • FX: USDCAD trades almost flat at 1.2531, remaining close to recent lows of 1.2510 which forms new support before opening a 1.24 handle.
  • News recap: Canada will increase oil exports by 200kb/d and gas exports by 100kboe/d by year-end to help displace Russian energy, in an acceleration of planned projects. Some of the oil will be shipped to Europe.

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