Daily Economic Calendar – Canadian Rate Decision Begins the Season

Economic agenda begins with the Australian GDP which is expected to fall to 2.5% YoY due to the weak data that we have been seeing over the last few weeks from Australia. Then, during the London session, we have the Manufacturing Production data from the Eurozone’s largest economy which is Germany and that is expected to come in at 0.8% MoM and then followed by the Industrial production data from the Uk which is expected at 0.2% MoM, which should be a disappointing number with such low production happening there.

Near the NY session, we have the BOC rate decision coming in. The current rates are 0.5% and there could be a drop to 0.25% which will present a trading opportunity. Then we have the US Oil inventories which would be the first such data after the agreement of the deal between the OPEC producers to cut their production to boost oil prices which will come into effect in January.

We also have the corporate earnings data from Stagecoach, Carillon and Dell Technologies.