- Canadian Dollar recovers ground on Monday as CAD rebounds from Friday’s sell-off.
- Tuesday’s Canadian Ivey PMI (seasonally-adjusted) is expected to climb to 58.1 from 57.5, a 12-month high.
- Friday’s Canadian Unemployment Rate is expected to tick upwards in April to 6.2% from 6.1%.
- With little else of meaningful impact on the data docket this week for either CAD or the US Dollar, looking ahead to better data prints and reactions to headlines is all that’s left for markets.
- According to CME’s FedWatch Tool, rate markets are betting around 65% odds of at least a 25-basis-point cut from the Federal Reserve (Fed) in September.
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