At 12:00 GMT.
Expected +0.1% m/m, +2.4% y/y. Core +1.5% y/y. I was about to say stronger than expected data would support the loonie and vice versa and then I thought I really don’t know enough about the idiosyncracies of the loonie to be making such suggestions.
I used to work for CIBC back in the 70’s as a very young man. USD/CAD trader went to the toilet and suggested I cover his book. Well as soon as he left I got every bank out of Canada calling me for prices. I merrily quoted, taking in brokers SUGGESTED prices (funnily enough they had lost all PROPER prices) I got hit all over the place. Suffice it to say market didn’t go my way. Suffice it to say trader on his retuirn wasn’t very happy!!! Funnily enuogh I never got to trade USD/CAD again.
So if you’re out there Howard Sarker, I’m soooo sorry.
