What will happen? Canadian m/m GDP will be announced at 15:30 MT (GMT+3) on Thursday, September 30…
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.
The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!
Canada will release its inflation rate in different forms, including Common, Median, Trimmed, Core, and All items CPI on September 15, 15:30 GMT+3.
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).