What's on the menu today:
The Canadian dollar is higher to start the day. That's in large part to a rebound in oil prices but economic data will step into the spotlight at the top of the hour with the February GDP report. The consensus is for a flat month after a surprise 0.3% rise in January.
At the same time, the US will release the Q1 employment cost index. It's expected to rise 0.7%.
That's just the start today with a handful of other data points and an important central bank appearance to come:
- US Conference Board consumer confidence
- Case-Shiller 20-city house price index
- Pending home sales
- Chicago PMI
- BOC's Poloz and Wilkins at Parliament
Tomorrow is the FOMC decision.
For more, see the economic calendar.
