Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
Will the Bank of Canada boost the Canadian dollar?
Bank of Canada will make its rate statement and announce the official rate on March 6 at 17:00 MT time.
We do not anticipate a change of the rate, but the bank of Canada may provide some supportive comments for the Canadian currency. During the previous meeting, the central bank kept its rate at 1.75% and the bank of Canada governor gave some dovish comments regarding the current economic conditions amid the falling oil prices. More hawkish outlook during the upcoming meeting will boost the Canadian dollar.
• If the Bank of Canada is hawkish, the CAD will rise;
• If the Bank of Canada is dovish, the CAD will fall.
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!