Canada: Q1 national balance sheet accounts in focus - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, Canada’s national balance sheet accounts for Q1 will provide the highlight of an otherwise subdued data calendar.

Key Quotes

“Household debt remains one of the key considerations to the outlook for BoC policy and will be increasingly in focus following a rebound in durable goods spending.”

“New home prices (an input for CPI) for April round out the calendar, with the market looking for prices to remain unchanged for a third consecutive month.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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