The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
Will the inflation data support the CAD?
Canada will release the monthly consumer price index (CPI) on February 27 at 15:30 MT time.
Last month the level of consumer price index declined by 0.1%. However, it still was higher than the forecast. As a result, the CAD didn't suffer that much. This time the higher-than-expected level will be appreciated by the market again.
• In case CPI outperforms the forecast, the CAD will rise.
• In case CPI comes out lower, than the forecast, the CAD will fall.
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
The market sentiment deteriorated because of the election uncertainty and worries about rising virus cases all over the world. Let's make some analysis!
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.