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According to analysts at TD Securities, today’s Canadian market focus will be on an economic progress report from Deputy Governor Patterson amid a lull in the data calendar.

Key Quotes

“Patterson will deliver her economic update at 12:30 ET, ahead of an audience Q&A and formal press conference at 14:00 ET.”

“On the data front, January building permits will give an early look at residential construction intentions ahead of Friday’s housing starts, with the market looking for a 1.5% m/m decline.”