What's coming up in North American trade

It's inflation week in the US with CPI tomorrow but the preview comes today with PPI due at the bottom of the hour. The consensus is for a 0.2% m/m rise and prices up 3.1% y/y. It's not generally a market mover but it will get people thinking about tomorrow's inflation data.

The other US reports to watch are wholesale sales (1400 GMT), the weekly oil inventory report (1430 GMT), a 10-year Treasury auction (1700 GMT) and the Fed's Williams (2030 GMT).

The big central bank event on the economic calendar is the Bank of Canada decision at 1400 GMT (10 am ET). The market is 95% priced in for a hike so it will be about the statement. Also note that there is the quarterly Monetary Policy Report and a press conference at 1515 GMT.