The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
Bank of Canada’s meeting
|In the environment of uncertainty caused by trade wars, it is not likely that the Bank of Canada will raise the interest rate. However, every piece of information from the central bank will give new drivers the market sending USD/CAD either up or down. During the meeting at 17:00 MT time on April 18, the BOC Governor will define the nation’s future monetary policy. If the speech is hawkish, the Canadian dollar will be able to gain strength. The regulator’s press conference will start at 18:15 MT time.|
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The US dollar keeps falling for the third day in a row, whereas riskier assets are rising. Let’s discuss the main market events and analyze the charts.
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.