Usual effect: The previous rate was 45.2, and we expect this rate to increase to 45.6. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Services PMI is a leading indicator of economic health in the services sector. Businesses react quickly to market conditions, and their purchasing managers have the most recent and relevant insight into the services companies' economic outlook.

Usual effect: The previous rate was 42.8, and we expect this rate to increase to 43.2. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Manufacturing PMI is a leading indicator of economic health in the manufacturing sector. Businesses react quickly to market conditions, and their purchasing managers have the most recent and relevant insight into the manufacturing companies' economic outlook.

Usual effect: If the speech is more hawkish than expected, it will positively affect the currency. ▶️Speaker: Tiff Macklem, BOC Governor ▶️Macklem has more influence on the country's currency than anyone else as the central bank head, which controls short-term interest rates. Traders observe his public speeches and often use them to provide clues about future monetary policy.

Usual effect: The previous rate was 60.4, and we expect this rate to increase to 61.1. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Consumer sentiment is a leading indicator for measuring consumer spending, which makes up a large part of economic activities.

Usual effect: The previous rate was 4.6%, and we expect this rate to decrease to -3.2%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Durable goods orders are a leading indicator of manufacturing sector performance. An increase in purchase orders indicates that manufacturers will increase activity as they try to supply orders.

Usual effect: The previous rate was 0.4%, and we expect this rate to decrease to 0.2%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Durable goods orders are a leading indicator of manufacturing sector performance. An increase in purchase orders indicates that manufacturers will increase activity as they try to supply orders.

Usual effect: The previous rate was 231K, and we expect this rate to decrease to 226K. An amount lower than expected will positively affect the currency. ▶️This index is issued weekly. ▶️Although unemployment claims are generally considered a lagging indicator, the number of unemployed people is a significant signal of the economy's general health because consumer spending is closely related to labor market conditions. Unemployment is also a concern for those who handle the country's monetary policy.

Usual effect: Domestic government spending and borrowing can significantly impact the economy. Increased spending creates jobs for contractors while borrowing levels affect countries' credit ratings and provide insight into a country's underlying financial position.

Usual effect: If the tone is more hawkish than expected, it will positively affect the currency. ▶️This review is issued twice a year. ▶️This is an assessment of the financial system condition and potential risks to financial stability. Evidence about strains and imbalances can provide insight into the monetary policy's future.