HALISTER1: CANADA ECO PREVIEW: Bank of Canada Rate Decision Due in 5 Mins

CANADA ECO PREVIEW: Bank of Canada Rate Decision Due in 5 Mins

(Bloomberg) -- Bank of Canada seen maintaining overnight lending rate of 0.5% (forecasts unanimous at 0.5%).
  • “Scope to alter the tone of the statement is limited amid continued weakness in core inflation. The biggest update we expect are remarks on the housing market": TD Securities

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Existing Home Sales Due in 5 Minutes

U.S. ECO PREVIEW: Existing Home Sales Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • FHFA HPI 0.5% m/m; range 0.4% to 1% (16 estimates)
  • Existing Homes 5.65m; range 5.52m to 5.8m (74 estimates)
  • Existing Homes -1.05% m/m; range -3.33% to 1.58% (74 estimates)
    • In March, existing home sales rose at the fastest pace in a decade
    • The inventory of homes on the market registered the 22nd consecutive year-over-year decline
    • Contracts to buy homes declined in March after rising a month earlier by the most since 2010

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283