What is it? It's among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

When? At 11:15am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

 

 

 

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What is it? It's the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

When? At 10:00am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

 

 

 

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What is it? It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

When? At 10:00am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

 

 

 

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1. Wall Street opened little changed on Tuesday as third-quarter earnings season gathered momentum with Verizon, Travelers and United Technologies (N:UTX) reporting their results.

The Dow Jones industrial average (DJI) fell 31.2 points, or 0.18 percent, to 17,199.34, the S&P 500 (SPX) lost 2.5 points, or 0.12 percent, to 2,031.16 and the Nasdaq composite (IXIC) dropped 5.01 points, or 0.1 percent, to 4,900.46.

2. The U.S. dollar edged lower against its Canadian counterpart on Tuesday, pulling away from a one-week peak as the release of mixed U.S. data dampened demand for the greenback, while a disappointing economic report from Canada limited the local currency's gains.

USD/CAD hit 1.2980 during early U.S. trade, the session low; the pair subsequently consolidated at 1.2979, sliding 0.31%.

3. Gold futures were little changed on Tuesday, after data showed the number of housing starts issued in the U.S. rose more than expected in September, while building permits fell more than forecast, painting a mixed picture of the economy and adding to uncertainty over the timing of a U.S. rate hike.

4. The number of housing starts issued in the U.S. rose more than expected in September, while building permits fell more than forecast, official data showed Tuesday.

In a report, the U.S. Commerce Department said that housing starts rose 6.5% to hit a seasonally adjusted 1.206 million units last month from August’s total of 1.132 million units. Analysts had expected a figure of 1.140 million.

5. U.S. natural gas futures extended gains from the prior session on Tuesday, as forecasts for chilly temperatures across key consumption regions of the U.S. boosted demand expectations for the fuel.

Natural gas for delivery in November on the New York Mercantile Exchange jumped 4.4 cents, or 1.8%, to trade at $2.487 per million British thermal units during U.S. morning hours.

 

 

 

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