- Canadian Dollar trades tightly during the mid-week market session.
- Canada relegated to strictly mid-tier data releases for the rest of the week.
- BoC Summary of Deliberations is unlikely to deliver anything new.
The Canadian Dollar (CAD) is treading water on Wednesday, trading within a scant tenth of a percent against its largest peer — the US Dollar (USD). US markets are shuttered for the midweek Juneteenth holiday, thinning out market volumes as investors look ahead to key data prints on Friday.
Canada has only mid-tier data releases on the docket for the remainder of the trading week. CAD traders will watch Wednesday’s latest Summary of Deliberations from the Bank of Canada (BoC), but no major revelations are expected. With US markets shuttered for the holiday, trading volumes are thin and investors will be returning to the fold in force to hunker down and wait for Friday’s US Purchasing Managers Index (PMI) print.
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