Investment banks have different opinions on whether or not the Bank of Canada will cut interest rates in June. The market is likely to predict 40%!

Forecasters expect that this week's data will show Canada's CPI decline in April, but financial markets are still uncertain whether the Bank of Canada will cut interest rates in June. The Bank of Montreal said that the Bank of Canada may need to see lower levels of inflation to persuade it to cut interest rates in June. The financial market currently believes that the possibility that the Bank of Canada will cut interest rates in June is about 40%. Meanwhile, some economists insist that interest rates will be cut in June, such as the Royal Bank of Canada.

FX678 FinanceMay 20 01:09 ET

Canadian Dollar treads water on tepid Friday

The Canadian Dollar (CAD) traded softly on a low-volatility Friday, sticking close to the midrange.

FXStreetMay 17 13:33 ET

Canadian Inflation Expected to Show Further Cooling in April -- Market Talk

Next week's Canadian inflation report for the April will be the last major data before the central bank's June 5 rate decision and, baring an upside surprise, is likely to reinforce that soft economic conditions and labor market warrant a quarter-point cut, Royal Bank of Canada's Nathan Janzen and Carrie Freestone say.

WSJMay 17 10:52 ET

Canadian Inflation Set To Ease Further But BoC May Need More Clarity -- Market Talk

Canadian headline and core inflation measures are expected to have edged lower in April, offering some support for a central bank seeking sustained progress on price pressures.

WSJMay 16 09:56 ET

Manufacturing Sales Down 2.1% in March at $69.9 Billion: Statistics Canada

Manufacturing sales fell 2.1 per cent to $69.9 billion in March as sales of petroleum and coal products and motor vehicles fell, Statistics Canada said Wednesday.

BNN BloombergMay 15 11:09 ET

Canada Factory Shipments Fall 2.1% in March

Canadian manufacturing was again in decline in March as shipments of petroleum and motor vehicle both fell sharply, pulling factory sales down by the most in five months.

WSJMay 15 08:39 ET