Canada: Focus on BoC’s FSR - TDS

Analysts at TDS point out that the Bank of Canada publishes its Financial Stability Review at 10:30 ET amid an otherwise empty data calendar and will be a key economic release for today’s session.

Key Quotes

“The semi-annual report will give an update on household debt dynamics, likely with a focus on mortgage renewals, and be followed by a press conference with Governor Poloz at 11:15 ET. Ontario elections also take place on Thursday, with polls scheduled to close at 21:00 ET, and the latest polling remains indicative of a PC majority.”