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- BoC Governor Macklem will add to a number of CAD risk events – TD Securities
BoC Governor Macklem will add to a number of CAD risk events – TD Securities
Analysts at TD Securities note that Bank of Canada (BoC) Governor Macklem will add to a number of CAD risk events on Tuesday afternoon when he holds a fireside chat with Federal Reserve Chairman Jerome Powell at 17:15 GMT.
Markets will also watch Chairman Powell's remarks on inflation
"The topic for their discussion will be "Economic trends in North America," but coming just hours after the March CPI report the bigger question for Canadian investors will be to what extent that report adds to the Bank's confidence that recent inflation progress will be sustained, and how far Macklem is willing to lean into that message."
"However, the Bank will still get one more CPI report before its June decision, and with TD and the market looking for headline CPI to push higher in March we could see a more balanced message emerge from Macklem's fireside chat. Markets will also be watching Chairman Powell's remarks for his view on recent inflation dynamics after the upside surprise March CPI, and any implications from a more drawn-out disinflation process in the US."
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