Canada will publish the monthly GDP growth on October 30 at 14:30 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.
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!