Analysts at TDS suggest that markets will focus on Bank of Canada Deputy Governor Schembri's speech on "Canada's approach to price stability."
“While his speech may be heavy with academic rhetoric, we will be watching for any further hints about "running the economy hot," which may come in the context of a discussion around the symmetry of the inflation target. Schembri's speech will be published at 13:30 ET and an audience Q&A will follow.”
“Existing home sales for January will also be released in the morning and are likely to show a pullback driven by weakness in Toronto and the impact of new mortgage regulations. ADP employment for January will be published at 8:30 ET and will be scrutinized against the LFS report which showed 88k jobs lost during the month.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.