Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Trade on the Canadian economic data
The Canadian dollar has chances to keep trading at good levels. According to the recent statement of the Bank of Canada, the country’s economic data are in line with the forecasts. And although trade tensions and worries about the emerging markets affect commodity prices, the bank stays optimistic. As a result, for the central bank to raise interest rates rather sooner than later, the economic data should continue being encouraging.Retail sales data will be released at 15:30 MT time on September 21. The release is important for traders as it displays a change in the total value of sales at the retail level.
• If retail sales data is greater than forecast, the CAD will rise.
• If retail sales data is weaker than forecast, the CAD will fall.
The Bank of Canada will publish a rate statement and an update on the interest rate on September 9, at 17:00 MT time.
Canada will announce the Canadian retail sales and core retail sales on August 21, at 15:30 MT time
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 15:45 MT time.
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.