Canadian dollar could do with encouraging data

After a slow start to the week, the Canadian economy will be extremely busy from Wednesday onwards. Manufacturing sales data is out early in the afternoon, followed the Bank of Canada’s monetary policy report, rate decision and statement. On Friday we will have inflation data in the form of a Consumer Price Index (CPI), as well as core retail sales figures. The latter especially has been a disappointment in the last few months, so investors will be hoping that the new year brings an improvement

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