Upcoming macroeconomic events, March 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.
- Europe will announce its consumer confidence and business confidence indicators on March 30. Consumer and business confidence are key to economic strength. Given that Europe’s economy has been stagnant and largely supported by central bank stimulus measures, improvement in these indicators could go a long way towards signalling a stronger economy
- Canada will announce its real gross domestic product (“GDP”) for January on March 31. 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 on April 4. The trade deficit narrowed in December 2016 from a month earlier. This will be a closely watched indicator as we move forward given U.S. President Donald Trump’s mandate to focus predominately on U.S. goods and services
- Canada’s unemployment rate for March will be announced on April 7. A declining unemployment rate is indicative of an improving economy and business sentiment. More people working also leads to higher consumption and savings – important factors in growing GDP
- The Bank of Canada’s (“BoC”) interest rate decision will be announced on April 12. Even as the Canadian economy displays signs of improvement, the BoC has held its rate steady at 0.50% as it waits for more clarity on the policy directions of U.S. President Donald Trump