Market Recap – Bank of Canada

Yesterday, it was President Trump and the Chinese vice-premier Han Zheng, that earned their spotlight in the World Economic Forum. Trump emphasized that 25% of worlds foreign direct investments are made in the USA, noted that the phase 2 deal is coming and described US economy as growing and vibrant. The Chinese viec-premier launched a strong defense of globalization. Today, Hong Kong’s chief executive Carrie Lam is expected to address the forum.

The monetary meeting of the Bank of Canada is scheduled for today. This time around, the rate statement will be accompanied by the bank’s economic projections.

Macro releases:  Other than the above monetary meeting, today’s economic calendar includes the Canadian inflation.


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