Today’s key focus is on the Bank of Canada’s interest rate decision. Markets will react to signs of inflation, growth, or central bank policy shifts.
Q1 Labor Productivity: Tracks efficiency of Canadian workers—important for inflation outlook.
Bank of Canada Rate Decision: Expected to keep rates at 2.75% due to sticky inflation, even as the economy slows.
Key Support and Resistance Levels
Resistance Level 1: 1.3840
Resistance Level 2: 1.3940
Resistance Level 3: 1.4020
Support Level 1: 1.3660
Support Level 2: 1.3580
Support Level 3: 1.3500
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Q1 Labor Productivity: Tracks efficiency of Canadian workers—important for inflation outlook.
Bank of Canada Rate Decision: Expected to keep rates at 2.75% due to sticky inflation, even as the economy slows.
Key Support and Resistance Levels
Resistance Level 1: 1.3840
Resistance Level 2: 1.3940
Resistance Level 3: 1.4020
Support Level 1: 1.3660
Support Level 2: 1.3580
Support Level 3: 1.3500
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.