Upcoming macroeconomic events, June 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.
- Canada’s retail sales and consumer price index (“CPI”) will be announced on June 22 and June 23, respectively. Retail sales and CPI impact inflation. Both measures will garner attention from the Bank of Canada (“BoC”) ahead of its next rate decision
- Canada will announce its real gross domestic product (“GDP”) for April on June 30. Real GDP measures the value of economic output adjusted for inflation, giving investors an understanding of the overall strength of the Canadian economy
- The U.S. will announce its trade balance for May on July 6. The U.S. trade deficit widened in April from a month earlier. This will be a closely watched indicator moving forward given U.S. President Donald Trump’s mandate to focus predominately on U.S. goods and services, while potentially renegotiating trade deals
- Canada and U.S. unemployment rates for June will be announced on July 7. A declining unemployment rate is indicative of an improving economy and business sentiment. More people employed also leads to higher consumption and savings – important factors in growing GDP
- The BoC will make its interest rate announcement on July 12. The BoC has held its rate steady at 0.5%. While inflation is in line with projections and economic data has been positive, uncertainty remains as the BoC waits for more clarity on the policy directions of U.S. President Donald Trump
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