Stock up on weapons, food and ammunition as the bond market sends frightening signals about coronavirus. Gold is up about 1% and that might be the tip of the iceberg if it gets really bad.

Normally today would be all about non-farm payrolls but as Justin wrote today: This will be arguably one of the least important US jobs report ever.

The consensus is +175K versus +225K last month. We know the US economy was in decent shape before the virus hits, so this just sets a baseline. What will be interesting is the March/April data starting a month from now.

I think the Canadian jobs report is a bit more interesting because Poloz hinted yesterday that he was already leaning towards cutting rates. A soft number could put some pressure on CAD.

Other items on the agenda: