Canada: Focus on BoC Governor Poloz speech - TDS

In view of analysts at TD Securities, for the Canadian markets, BoC’s Governor Poloz will focus on The Importance of Trade in his last speech ahead of the April MPR and will be a key event for the markets.

Key Quotes

“The BoC has repeatedly flagged trade tensions as a key risk and we suspect Poloz will tie these to recent economic weakness. The text of Poloz's speech will be released at 14:55 ET and a follow-up press conference is scheduled for 16:30.”

“At 9:30 ET we will receive manufacturing PMI for March which has fallen in 7 of the last 8 months although the latest reading (52.6) is still expansionary. Further softness, or an outright contraction, could undermine the strength in January GDP.”