CAD: Wholesale activity up for a bounce – TDS

By FXStreet FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that today’s release of wholesale activity figures are going to surprise on the upside on back of strong manufacturing figures released.

Key Quotes

“We will get the wholesale activity figures for July on Monday, and we are looking for a 0.8% m/m increase in sales on the back of the surprisingly strong manufacturing data.”

“The highlight will be Governor Poloz’s speech in Calgary, which will be on the topic “Riding the Commodity Cycle: Resources and the Canadian Economy”. This speech looks like it could touch on monetary policy, and in the wake of the dovish Fed message markets will be looking to see if the BoC follows suit. The speech will be released at 2:30PM ET.”
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Source:: FX Street