Massive night time for Canada final night time, massive financial information arising

Group Canada beat the USA in extra time final night time to win the four Nations Problem and that is certain put Canadians in temper at present.

Sadly, will probably be a short-lived buzz with the economic system on uneven footing, Trump threatening tariffs (and annexation) and nonetheless loads of winter left. USD/CAD is up 21 pips at present to 1.4195.

The principle information level to look at at present is Canadian retail gross sales for December on the backside of the hour. The consensus is for a 1.6% rise in December and +1.eight% ex-autos. The increase is partly on account of an HST gross sales tax vacation that kicked off in December and prolonged by means of mid-February.

I may also be watching the advance January quantity rigorously on indicators of a battle in that month.

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



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