A peaceful end for the week in the U.S VS a very busy one in Canada

A peaceful end for the week in the U.S VS a very busy one in Canada
A peaceful end for the week in the U.S VS a very busy one in Canada
The world's largest economy will end this hectic week in a calm manor as the economic calendar is clear from any release the whole day, leaving investors anticipating through the weekend until Monday. As for Canada, today will be one of the week's busiest as it will reveal important gauges about its inflation and spending.
This week the U.S economy released a lot of important data including the Fed's Beige Book, where every data, figure and gauge proved even further that the U.S recovery has severely slowed down with fears of a complete halt.
Excruciating unemployment, awfully low income and spending levels make recovery impossible, while the Federal Reserve and the U.S government are trying their best to help the labor sector to get out of the rot it is currently in.
Moving up north, Canada will witness one busy day! As the neighboring and closely related economy to the U.S will reveal information and figures regarding its inflation and spending levels, this comes after the Bank of Canada decided to keep interest rates unchanged at 1.0% after three consecutive hikes each worth 25 basis points, and after releasing the Monetary policy statement which encouraged domestic spending and saying the recovery lays in the hands of domestic investments.
The Canadian Consumer Price Index report regarding September tomorrow is expected to show that monthly CPI climbed by 0.1% reversing the prior fall of 0.15, and on yearly basis to continue the prior climb of 1.7% with a bigger climb of 1.9%. As for Core CPI, it is expected to climb by 0.3% on monthly basis exceeding the prior climb of 0.1%, and on yearly basis Core CPI is expected to climb in constant rate from prior reading of 1.6%.
Canada's Retail Sales during August are expected to fall by 0.1% which is the same rate in fell in during July, yet Retail Sales excluding Autos are expected to reverse the prior fall of 0.4% with a 0.4% climb as consumers avoid purchasing any durable and expensive goods in such economic situation, Autos are durable expensive and an accessory, so it is normal to estimate lower sales