Upcoming macroeconomic events, September 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 consumer price index (“CPI”) and retail sales will be announced on September 22. CPI and retail sales impact inflation. Both measures will garner attention from the Bank of Canada as it assesses the strength of the Canadian economy
- On September 28, the U.S. will announce its second quarter final gross domestic product (“GDP”). In its second release, U.S. GDP was revised upwards to an annualized 3% (from 2.6%). A strong figure that will undoubtedly impact the rate decisions of the U.S. Federal Reserve Board (“Fed”)
- Canada’s balance of trade for August will be announced on October 5. Canada’s strong second quarter GDP was aided in large part by strong exports. With all eyes on NAFTA renegotiations and concern about consumer debt levels which could impact domestic consumption, strong export growth will be a key factor in Canada’s continued GDP growth
- Canada’s unemployment rate for September will be announced on October 6. The unemployment rate hit its lowest level since the financial crises, pointing to a much healthier economy. An improvement in the unemployment rate bodes well for many facets of the economy and GDP growth
- U.S. inflation rate for September will be announced on October 13. Inflation has fallen throughout the year to a level below the Fed’s target range. The inflation rate will be an important consideration in the Fed’s future rate decisions
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