Canadian GDP highlights the financial calendar

There’s some main intrigue round central financial institution selections in December and the Financial institution of Canada shall be one of many first ones off the beginning blocks on December 11. For the time being, the market is leaning 70/30 in favour of 25 bps reasonably than 50 bps.

However that may swing based mostly on at present’s GDP information, which is due on the backside of the hour. The consensus is +1.zero% development in a transparent slowdown from 2.1% in Q2. Eyes can even be on the Sept month-to-month studying, which is predicted at +zero.three%.

Aside from that, the financial calendar is naked for North American merchants. US markets are open nevertheless it’s a de facto vacation so that ought to skinny volumes however watch out for month-end flows.

For what’s arising subsequent week, see the financial calendar.

This text was written by Adam Button at www.ubaidahsan.com.



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