CANADA DAYBOOK: Bank of Canada Rate Announcement, Trade
The Bank of Canada will probably keep its benchmark interest rate unchanged today, before increasing borrowing costs in the second half of the year.
WHAT TO WATCH: *Campaigning for the May 2 election continues with the four major party leaders preparing for the English-language televised debate today at 7 p.m. Ottawa time.
ECONOMY: * The Bank of Canada makes an interest rate announcement at 9 a.m. While all 28 economists surveyed by Bloomberg predict the central bank will leave its policy interest rate unchanged at 1%, the accompanying statement will likely outline the bank’s updated economic forecast. *Statistics Canada releases international trade and new house price data for February at 8:30 a.m.
EVENTS: *Susan Cole, president of Enhance Energy Inc., and James Carter, chairman of the Alberta Carbon Capture and Storage Development Council, discuss implementation and development of the technology in Alberta. 8:30 a.m. Calgary time.
*Executives from companies including Romarco Minerals Inc., Osisko Mining Corp. and Detour Gold Corp. are scheduled to address the Denver Gold Group European Forum, beginning at 11:30 a.m. in Zurich.
*Executives of companies including Trican Well Service Ltd., Provident Energy Ltd. and Mullen Group Ltd. are to speak at Canadian Imperial Bank of Commerce’s Energy & Infrastructure Conference, starting at 8 a.m. in Toronto.
*Exfo Inc., which makes products for the telecommunications industry, is scheduled to hold an investor day, beginning at 10 a.m. in Toronto.
*5N Plus Inc., which provides metals to the electronics industry, is to hold a conference call at 10 a.m. in Saint-Laurent, Quebec to discuss third-quarter financial results.
MARKETS: *The S&P/TSX fell 211.57, or 1.5 percent, to 13,996.86. *The yield on the two-year Government of Canada bond rose 4 basis points to 1.94 percent. *The Canadian dollar weakened to 95.66 cents per U.S. dollar from 95.54 cents. One Canadian dollar buys $1.0454.
To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net.
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