I’ve got the broom and maple syrup ready as Canada prepares to take revenge on Mark Carney for abandoning the Great White North. Canada plays Britain for the gold medal in men’s curling today.
Up first, it’s a double-dose of major Canadian data. Retail sales ex-autos are expected down 0.1% but the main release to watch is January CPI. The BOC is puzzled by low inflation. The consensus is for a 0.1% m/m rise after a 0.4% decline in December. The Canadian dollar is on flimsy legs and a soft reading could send it to fresh cycle lows.
Not even a curling gold can save it.
