On Friday The US Dollar rose sharply against Canadian Counterpart.
USD/CAD hit 0.9856 on Friday the pair consolidated at 0.9851 by close of trade on Friday gaining 0.54% on that week.
Monday, September 5:
Market in the US and Canada are to remain close for the labor day holiday which mark as traditional end of summer
Tuesday, September 6 :
In the US Supply Management will produce a report on service sector activity which is a leading indicator of economic health
Wednesday, September 7:
The Canada Bank will announce its benchmark interest rate. It will give useful insight for economic outlook and In meanwhile The President of US Federal Reserve Bank of Chicago Charles Evans will speak on Wednesday which is helpful for future direction of Monetary policy
Thursday, September 8:
US will provide its weekly report on jobless claims and balance of trade and crude oil stockpiles. U.S. President Barack Obama is to make a speech to Congress, outlining how he intends to stimulate employment creation and lower unemployment, as part of his jobs plan.
Friday, September 9:
Canada will take a look on employement change and unemployement rate. The country is also to publish official data on housing starts, an excellent indicator of demand in the housing sector, as well as a report on labor productivity, an important inflationary indicator.
nice info
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