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The Bank of Canada releases its bi-annual....>

CANADA
CANADA: The Bank of Canada releases its bi-annual Financial System Review (FSR)
today at 1430GMT, followed by employment data tomorrow (1230GMT). CitiFX
strategy think risk of the job report skews to downside of CAD as inflation has
stabilized at high end of the target and employment change signals the strong
labour market. They think a miss in the number could trigger CAD selling amid
potential NAFTA negativity.
- RBC note continued emphasis on household debt and the housing market expected.
Both look to have been impacted by the new B-20 stress test guidelines on
uninsured mortgages that started on January 1st.

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