Key events for the day ahead: BoC coming up - Westpac

Analysts at Westpac explained the key events for the day ahead.

Key Quotes:

"In Asia, there is Philippines Mar trade data. Germany May IFO is seen to remain stable with current assessment strong but expectations less inspiring.

The Bank of Canada decides on policy. Marquee data (Feb retail sales, March CPI, Feb GDP) have been generally stronger than expected since their last meeting, and the bare handful of releases for April (manufacturing sales, IVEY, house prices and existing home sales) surprised to the upside too. Energy prices have of course continued to firm but the higher CAD is off setting much of that boost. On balance the BoC probably sticks to a neutral script."