Upcoming macroeconomic events, February 2017
Do you write or edit portfolio manager commentaries? Do you want to stay on top of the macroeconomic events that shape your day-to-day life as a financial services marketer?
If so, here are the big macro events that the Ext. Marketing team is keeping an eye on over the coming weeks.
- The U.S. will announce its housing starts on February 16. This number is a big part of assessing the strength of the U.S. real estate market. A high number of housing starts is indicative of a strong economy and positive consumer sentiment
- Canada’s retail sales and consumer price index (“CPI”) will be announced on February 22 and February 24, respectively. Retail sales and CPI impact inflation (or deflation). Both measures will garner attention from the Bank of Canada (“BoC”) ahead of its next rate decision
- The BoC’s interest rate announcement takes place on March 1. During the previous rate announcement, the BoC indicated that it will take a “wait and see” approach to U.S. President Donald Trump’s new policies and their potential impact on Canada. As such, any new policies coming from the U.S. will weigh heavily on the BoC’s rate decision. Canada’s economic stability and household debt levels will also factor into its decision
- Canada will announce its real gross domestic product (“GDP”) for December on March 2. Real GDP measures the value of economic output adjusted for inflation, giving investors an understanding of the overall strength of the Canadian economy
- China will announce its balance of trade for February, including year-over-year exports and imports, on March 7. China’s struggling export market has weighed on its GDP growth. Furthermore, President Trump’s looming decision on how the U.S. will handle trade with China could have a significant impact on China’s exports and GDP growth
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