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Market Commentary

With much less data this week to drive the market, we are going to be looking at some more technical trading this week.  It appears the trading range of 4.20% on the Ten year Canada has held for the time being (courtesy of weak employment numbers Friday), so technically speaking, we have maintained the support that looks to be hovering around the 200 day MA currently @ 4.21%


  The same is true for the US ten year right at its 200 day MA of 4.83%.


The CAD$ is starting down this morning, although still maintaining its range around the 0.85 cent mark.  With the Fed firmly on hold and the BoC doing the same, there isn't much of a catalyst to send our dollar one way or another.  The eyes will continue to be on commodities to provide direction.


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