This week will have lots of economic news so be ready to act.
Canada
- Employment/payroll numbers of March to be released on Wednesday
- Mark Carney's announcement on interest rates and comments on fiscal policy this Wednesday
- Industrial product and raw material indexes of April to be released on Thursday
- First quarter GDP to be released on Friday
U.S.
- April Employment and unemployment data to be released on Wednesday by the Department of Labor
Be on the lookout for any news article reporting on these data, as they will say whether it is in-line with analyst expectations or not. Mark Carney is highly unlikely to raise the rates now or commit to a raise for the near future, though we will see how things are when Stephen Poloz steps in as his successor. (He might rocked the boat with a different view on rates. He takes over starting June 2013)
There you go folks, you have been informed, don't get caught by surprise ;)
-TT
