There are no Canadian data releases this week, leaving the market particularly susceptible to influences from the U.S.
Orders in the U.S. for durable goods--products such as refrigerators and cars meant to last more than three years--rose 2.2% in February. That marked the strongest reading since November.
But the gain was driven by aircraft demand. Stripping the volatile transportation segment, durable goods posted only a 0.2% gain.