John Clinkard, Chief Economist at Deutsche Bank, suggests that in Canada, this week three releases that will probably capture the most attention are Gross Domestic Product for Q4/2015 and GDP by industry for December, both on Tuesday, and the Friday release of the January merchandise trade balance.
“The quarterly GDP number will reveal if the output gap narrowed in the final quarter of 2015 while the GDP by industry report for December will indicate if output increased in the month despite a relatively lackluster gain in manufacturing and the very weak retail sales report.
Also, the January trade report should reflect the impact of the very strong gain in US durable goods orders in the month. Other releases during the week include the current account balance for Q4 and industrial prices for January, both on Monday and the release on Friday of labour productivity for the fourth quarter and the forward-looking Ivey Purchasing Managers Index for February.”
(Market News Provided by FXstreet)