CAD

Canada Ivey PMI for April rises to 63.0 vs 57.5 last month

• Canada Ivey PMI for April 2024

Heads up for CAD traders - BoC's Rogers speaking on Tuesday

Newsquawk Week Ahead: Highlights include RBA, BoE, BoJ SOO, Canada Jobs, UK GDP

• Next week highlights include rate decisions from the RBA, BoE, Banxico, BCB, and Riksbank. We also see the release of the ECB Minutes and BoJ Summary of Opinions. Data wise, the Canada jobs report, China Trade, UK GDP and Norwegian CPI take the limelight.

USDCAD bounces back higher after sellers had their shot and missed after the softer jobs.

• The good news for USDCAD traders is the support held. Resistance is holding. The 50% midpoint sits between the extremes to act as a rudder for buyers and sellers technically in the USDCAD.

S&P Global Canada April Services PMI 49.3 vs 46.4 in March

• Canada services rebound in April but still below 50

USDCAD stays within a cluster of technical levels and waits for the next shove.

• The support comes at 1.36966. The resistance comes at 1.37281

Canada March trade balance -$2.28 billion vs +$1.50 billion expected

• Canadian trade balance

Bank of Canada Governor Macklem and Deputy Rogers will speak on Thursday

• More rate cut hints incoming

Bank of Canada's Rogers says not seeing a high level of stress in the mortgage market

• Rogers and Macklem appearing in parliament (committee)

Bank of Canada Governor Macklem - cut in rates a signal we are on track to 2% inflation

• Ueda has meant Macklem is getting drowned out!

Bank of Canada Governor Macklem expects core inflation to continue to ease gradually

• Macklem says getting close to cutting rates

CAD traders - Macklem speaking imminently (1615 Eastern time 2015 GMT)

• Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers will appear before the Standing Senate Committee on Banking, Commerce and the Economy.

USDCAD modestly corrects lower after the break higher yesterday. What next?

• There is some profit taking of the run higher yesterday ahead of the Fed rate decision

Canada April S&P Global manufacturing PMI 49.4 vs 49.8 prior

• The latest survey of Canadian manufacturing from S&P Global

Canada February GDP +0.2% vs +0.3% expected

• Canada February monthly GDP data