Canadian Sept retail sales due at 1330 GMT
There have been signs of a sudden slowdown in the Canadian economy in the past two months. That's why today's retail sales report could be critical for the stance of the Bank of Canada.
Headline sales are expected to bounce back with a 1.0% rise following the 0.3% decline in August. Ex-autos, sales are also forecast to climb 1.0% after a 0.7% decline in Aug.
The key metric to watch will also exclude gasoline. Prices at the pump were up around 5% in the month due to the hurricane squeeze.
If there is a big miss, it will be landing in a less-liquid market so USD/CAD could make a bigger move.
