Analysts at TD Securities point out that BoC Governor Poloz speaks after the close at 17:45 ET on the topic of opportunities and challenges posed by disruptive digital technologies and will be a key event for Canadian markets today.
Key Quotes
“At face value, this sounds quite similar to his remarks at Jackson Hole where he argued for a gradual pace of rate hikes to account for possible unmeasured productivity gains. Poloz’s speech will be followed by both an audience Q&A and formal press conference at 19:00 ET.”
“SEPH (payroll) employment for July will provide the highlight of a subdued data calendar; ADP, which seeks to align with the SEPH data, reported job growth of 35.5k for July which was below estimates (54k) from the more timely Labour Force Survey.”
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