CAD: Focus on economic releases - TDS

Research Team at TDS, suggests that the data releases for Canada are going to pick up with two housing indicators, Building Permits (July) and the New Housing Price Index (July).

Key Quotes

“The former is expected to post a moderate increase and will shape expectations for August housing starts (released Friday). Q2 capacity utilization will also be released and is expected to fall to a cycle low. Finally, markets will hear from Bank of Canada Governor Timothy Lane, who is scheduled to speak on the global and Canadian economic outlook at 12:05EST.”