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Market Commentary

There isn't much to write about today as volumes are light for the US and Chinese holidays.  The week ahead, however, is important as we will see CPI numbers out of Canada and the US, as well as leading indicators index.  Hopefully these will provide some more evidence on the direction and speed of the economy.

 

  Until then, wholesale sale and Int'l securities transactions this morning were both surprises.  Wholesales blew the expectations out, coming in much higher than expected @ 2.7%.  Int'l Securities transactions came in way below expectations as foreign investors withdrew money and Canadian bought securities abroad.  Bonds are still mostly unchanged on the day despite these numbers.

 



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