|Bank of Canada Wilkins speech|
Retail sales, CPI
|Housing starts, building permits|
Durable goods, existing home sales
Markit manufacturing / services index
On Friday, USDCAD dropped from 1.3187 down to 1.3127 – a 7 session low before closing the week near 1.3150. Broad-based USD selling continued today with the USD index falling to an 11 day low. Oil prices gave up early gains falling $2 on reports Russia wants to play a wait and see approach towards proposed oil production cuts. Equity markets have turned sharply lower during North American trade and USDCAD has moved higher to test the 1.3200 level. Pull-backs have been limited to 1.3170 thus far. Currently, the TSX and the DJIA are down 0.45% and 1.58% respectively. EURCAD is up 0.53% trading between 1.4995 and 1.5108 – near 3 week highs. GBPCAD is up 0.43% trading between 1.6850 and 1.6962. JPYCAD is up 0.52% trading between 0.01165 and 0.01173. Gold is up 0.16% trading between $1,217 and $1,224USD/oz., silver is up 0.10% trading between $14.33 and $14.44USD/oz., while oil is down 1% trading between $55.24 and $57.53.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group