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Something else to look out for today - the...>

CANADA
CANADA: Something else to look out for today - the Canadian government outline
their latest budget plans for 2020/21 (with a full budget due in Autumn).
- The Canadian FinMin is expected to outline the cost of their supportive
programs so far to have widened the current-year deficit to 12% of GDP vs. 1% of
GDP in 2019 - supposedly the largest increase among development market economies
according to the Globe and Mail (and a key driver behind the Canadian sovereign
downgrade from Fitch a few weeks ago).
- CIBC see relatively minimal impact on the CAD - with Canada's fiscal position
now being pretty common around the world. Instead, CIBC write they will be
watching for updates on emergency programs and how Canada plan to re-start their
economy.
- The fiscal update is due from 11am local time onwards (1600BST).

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