1Finance

Weekly USD/CAD Outlook: 2017, August 06 - August 13

Dollar/CAD moved up, correction previous losses as oil prices cooled down. The upcoming week features housing figures from Canada.

1. Housing Starts: Tuesday, 12:15. The Canadian housing sector has been rocked by reports of house price falls in Toronto. A small slide to 206K is on the cards now.
2. Building Permits: Wednesday, 12:30. A drop of 1.8% is forecast now.
3. NHPI: Thursday, 12:30. The third housing indicator of the week relates to prices of new homes. A slightly more modest rise of 0.5% is projected.

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