
Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
The Bank of Canada will publish a rate statement and update on the interest rate on Wednesday, at 17:00 MT time. The statement normally contains commentary about the economic conditions and insights into further monetary policy decisions. Until now, the bank has made no major changes to the monetary policy since the end of the lockdown. As the outlook of the Canadian economy is improving, analysts project a shift in the central bank’s tone. If it’s true, the BOC will hike the interest rate earlier than in 2023.
Due to analysts' predictions, traders need to pay particular attention to the changes made in the statement. If analysts’ predictions are correct and the Bank of Canada expresses readiness for a rate hike before 2023, the Canadian dollar may strengthen.
Instruments to trade: USD/CAD, EUR/CAD, CAD/JPY
Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
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).
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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