After A Volatile Week, We Look To GDP Reports

Last week was once again relatively volatile on the various markets, in terms of currencies, interest rates and equities. All eyes were on the first meeting of the U.S. Federal Reserve (Fed) chaired by Jerome Powell and as anticipated, the key rate was increased by 25 basis points.

Canada’s attention was turned to annual and February monthly growth in the (CPI). Both readings came in higher than expected, with annualized CPI growth reaching its highest level since October 2014.

This week in Canada, we’ll be keeping an eye on monthly GDP growth for January. In the United States, in addition to quarterly GDP growth, Initial Jobless Claims, Personal Income and Personal Spending will be on the menu.

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