The Bank of Canada May Push the CAD
The Bank of Canada will publish a rate statement and update on the interest rate on Wednesday, at 17:00 MT time.
Trade the Canadian dollar on the economic releases
Consumer price index (CPI) and core retail sales for Canada will be published at 15:30 MT time on November 23.
Consumer price index shows a change in the price of goods and services purchased by consumers. It has a direct connection with the level of overall inflation. Core retail sales demonstrate a change in the total value of sales excluding automobiles. It indicates the economic conditions of a country, as consumers tend to spend more when the economic conditions are stable. Last month both of the indicators dropped by 0.4%, despite the forecasts of increase by 0.1%. However, this month they have a chance to recover.
• If the actual data are higher than forecasts, the CAD will rise.
• If the actual data are lower than forecasts, the CAD will fall.
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