Fed speak and BoC Poloz in focus today - TDS

Research Team at TDS, suggests that the Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are set to testify before the House of Commons Finance Committee.

Key Quotes

“Poloz’s opening statement will be released on the Bank’s website at 15:30 ET with the testimony scheduled to conclude at 17:00 ET.

August wholesale sales are the sole release on the data calendar; TD look wholesale sales to increase by 0.3% m/m while the market looks for a more robust gain of 0.6% m/m.

US: Data flow will be light although it is supplemented by a number of Fed speakers before the blackout period for the November FOMC begins.  Today Dudley, Bulland, Evans, and Powell—all of whom are voters save for Evans. On the data calendar we have Markit Flash Manufacturing PMI (market: 51.5) and the Chicago Fed Activity Index.”