7 Jul 2014
BoC's balance of opinion on future sales to rise to 32 in Q2 - TD Securities
Annette Beacher, Head of Asia-Pacific Research at TD Securities believes that Bank of Canada's, due out later today, will offer a forecast on future sales suggesting a rise to +32 from +27.
Key quotes
"We expect the balance of opinion on future sales to rise to +32 from +27although the focus will be on the evolution of inflation expectations and the potential implications for the July 16 BoC Fixed Announcement Date."
"Inflation expectations are poised to move higher due to the acceleration in core CPI through the second quarter."
"June Ivey PMI (TDS: +53, market: +52.0) and building permits (market: +2.0% m/m) will take a backseat to the BOS."
Key quotes
"We expect the balance of opinion on future sales to rise to +32 from +27although the focus will be on the evolution of inflation expectations and the potential implications for the July 16 BoC Fixed Announcement Date."
"Inflation expectations are poised to move higher due to the acceleration in core CPI through the second quarter."
"June Ivey PMI (TDS: +53, market: +52.0) and building permits (market: +2.0% m/m) will take a backseat to the BOS."