Fundamentals: Sentiment on a Rate Hike Cools

Canada?s calendar remains light with GDP, the only significant market moving indicator this week, scheduled to be released on Friday. Sentiment on the potential of a BoC rate hike has shifted as retail sales and core inflation figures were announced lower than expected last week. Additionally, as the Canadian dollar falls against the greenback, worries regarding Canada?s export industry have started to subside. Tomorrow, Canada?s average weekly earnings are to be announced.

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  • Average Weekly Earnings[/B] (MoM) (APR)
    Previous: 0.4%
    Expected: 0.5%

Expected See Daily FX Weekly Calendar for more details: