BoC: BOS to reveal an upbeat tone - TDS

Analysts at TD Securities suggest that the Bank of Canada's Business Outlook Survey will be published at 10:30 ET ahead of the blackout period for the October meeting.

Key Quotes

“We expect the BOS to reveal an upbeat tone on continued strength in foreign demand and a pickup in domestic conditions. Capacity pressures and inflation expectations should remain in the spotlight, which may give the report a slightly hawkish tilt. Meanwhile, any references to trade uncertainty should emphasize the need to "get on with it", and we'd note that consultations would have preceded the breakthrough on NAFTA.”

“Existing home sales for September will be published at 9:00 ET ahead of the BOS.”