FXstreet.com (Barcelona) - TD Securities expect “a larger-than-expected decline in the balance of opinion on future sales +5 in the BoC’s autumn Business Outlook Survey (BOS)” since the steps taken by the ECB can't overshadow the deteriorating economic backdrop. “In addition to the continued malaise in the US, the deceleration in Chinese growth and other EMs is expected to be a concern for firms in Western Canada”, wrote analyst Richard Kelly, Head of European Rates and FX Research at TD Securities, expecting particular caution in hiring and investment intentions.

Existing home sales should decline 5% m/m further in September, following a 5.8% drop in August, as reaction to tighter lending standards.