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The customs clearance happens before the shipment gets there. Kak. is right, there is nothing unusual going on there. It is, as of this morning, in transit from Hong Kong to you. Unless you're paying extra rates for it, I'd expect it into YYZ Tuesday or Wednesday, delivery probably Wednesday or Thursday.
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If it said "Shipment returned to sender" or "Seized by customs" then I'd worry.
You may see a similar delay once it hits the US. Or maybe it was already cleared all the way through. I don't know how FedEx handles it.