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Market Commentary

This morning, there is a flight from safety, which combined with the bond-unfriendly unit labour cost number from the US, has sent bond prices lower by  a full quarter of a point.


The Bank of Canada will leave the Bank Rate unchanged at 9:00 am and then at 10:00, we will see some other economic biggies such as Home Sales, Factory Orders and Consumer Confidence.


Once the cat has finished bouncing, we expect to see a rebound in bond prices leading up to Friday's market moving employment report.



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