- The Canadian Dollar recovered half of a percent against the Greenback as the Loonie struggles to pare back ground from multi-year lows.
- Canadian CPI inflation figures are due on Tuesday. Headline CPI inflation for the year ended in October is expected to accelerate to 1.9% YoY from 1.6%. October’s monthly CPI inflation print is expected to swing back to 0.3% after the previous month’s -0.4% contraction.
- USD data remains on the tepid side this week, giving markets a much-needed break from US-centric economic data releases.
- A smattering of Federal Reserve (Fed) officials making appearance this week could throw a wrench in the works. Fedspeak has drifted toward the cautious side in recent weeks.
- Canadian Retail Sales for September also loom ahead at the end of the week on Friday.
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