The past week has been very busy to say the least. The Bank of Canada announced its Monetary Policy decision and at the same time released its quarterly Monetary Policy Report (MPR). With markets closed for the Easter holidays on Friday and Monday, traders seemed quite cautious before a four day holiday weekend. Persistent geopolitical concerns and comments from President Trump on the US Dollar weighed on Investor sentiment.
Today, Wednesday, as May faces the opposition Labour Party for her weekly round of Parliamentary Questions and the Wall Street Session resumes, focus will be on the Beige Book prepared for the May 2 & 3 FOMC Meeting, alongside updates on the Labor Market and Consumer Spending. Beige Book – 2:00 PM ET