Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
Bank of Canada Meeting
|The Bank of Canada will publish its rate statement at 17:00 MT time on December 6. This document contains commentary on the overall performance of Canada’s economy and offers clues about future monetary policy decisions. This release has a great impact on the exchange rate of the Canadian dollar.|
|The central bank raised rates in July and September but policymakers have said since then that while less stimulus would be required over time, they would be cautious about future rate moves. If this cautious tone persists, the CAD will suffer and it will be time to buy USD/CAD.|
What will happen? BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27…
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.