Retail sales are moving this week
Canada will publish the monthly retail sales and core retail sales on November 20 at 15:30 MT time.
Will the BOC strengthen the CAD even more?
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 16:00 MT time.
Instruments to trade: USD/CAD, EUR/CAD, CAD/JPY
According to data from the Bank of Canada, the financial market conditions in the country are improving. As a result, the regulator has announced changes to its supportive measures. The last operations of the Canada mortgage bond purchase program and Banker's acceptance purchase are scheduled for the week of October 26. At the same time, the BOC will pay particular attention to the housing sector to prevent speculations amid the low interest rate. That means, the interest rate will likely stay unchanged at 0.25% during this meeting. What’s interesting is the bank’s plans for the upcoming months and the forecasts in the statement.
- If the BOC is optimistic, the CAD will strengthen;
- If the BOC is pessimistic, the CAD will weaken.
Similar
Risk-averse sentiment prevails on the market
The market sentiment deteriorated because of the election uncertainty and worries about rising virus cases all over the world. Let's make some analysis!
Is the Canadian economy recovering?
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
Latest news
WTI oil: rise and shine?
The oil price looks optimistic. What are the reasons?
The NFP Friday is coming!
The Non-Farm payrolls are announced on Friday at 15:30 MT time.
Strong EUR vs weak USD
S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.
Deposit with your local payment systems
