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5yr Yield Climbs 4 Bps Heading Into Jobs Day

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See also: Mortgage Tidbits (below).

U.S. labour stats showed unexpected vitality Thursday, as Canadian traders await proof of job life on this side of the border. StatCan's employment report is the last major data point until the BoC interest rate decision.

Per usual, we'll have full coverage of the mortgage impact later this morning, once markets have had a chance to overreact.

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