In Canada, a number of data releases are scheduled for this week. On Tuesday, the Ivey Purchasing Managers' Index (PMIs) came out, which will be followed by the summary of deliberations from the most recent Bank of Canada meeting on Wednesday. The report is analogous to the meeting minutes and will provide investors with a comprehensive record of the discussions that took place on January 24. On Friday, the employment data for January will determine if the upward trajectory of the jobless rate persists.
The Canadian Dollar (CAD) is giving back some of Friday’s gains after kicking off the trading week with a minor downstep into 1.3629 against the US Dollar (USD), and the Loonie heads into a data-light trading week.