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Economic Calendar

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Time Country Period Event Sense Forecast Previous
June 1, 2020
15:30 CAD calender forex Manufacturing PMI 40.6 33.0
June 2, 2020
June 3, 2020
14:30 CAD calender forex May Labor Productivity q/q 3.4% 1.9% -0.1%
16:00 CAD calender forex Year Overnight Rate 0.25% 0.25% 0.25%
Name:

Overnight Rate

Essence:

The overnight rate is the interest rate at which major financial institutions borrow and lend one-day funds among themselves. The Bank of Canada sets a target level for that rate.

Why imprtant:

Short term interest rates are the primary factor in currency valuation. Changes in the key interest rate influence other interest rates, and so affect people's spending decisions.

  • Better if:

    Sense > Forecast

  • Periodicity:

    As a rule, 8 times per year accordng to schedule.

  • Source:

    Bank of Canada
16:00 CAD calender forex Year BOC Rate Statement
Name:

BOC Rate Statement

Essence:

Announcement of key policy rate. Monetary policy decisions are reached through consensus by the members of the Bank's Governing Council.

Why imprtant:

Short term interest rates are the key factor in currency valuation. Change in key interest rate has a direct impact on interest rates for consumer loans, mortgages etc.

  • Periodicity:

    As a rule, 8 times per year according to schedule.

  • Source:

    Bank of Canada
June 4, 2020
14:30 CAD calender forex April Trade Balance -3.3B -2.7B -1.5B
20:00 CAD calender forex Gov Council Member Gravelle Speaks
June 5, 2020
14:30 CAD calender forex May Employment Change 289.6K -500.0K -1993.8K
Name:

Employment Change

  • Better if:

    Sense > Forecast

  • Source:

    Statistics Canada
14:30 CAD calender forex May Unemployment Rate 13.7% 15.0% 13.0%
Name:

Unemployment Rate

  • Better if:

    Sense < Forecast

  • Source:

    Statistics Canada
16:00 CAD calender forex May Ivey PMI 39.1 30.8 22.8
June 6, 2020
June 7, 2020
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