Focus on US leading index and Canada’s CPI data today - BBH

Research Team at BBH, suggests that during the North American session, the US reports October leading index and Canada reports October CPI. 

Key Quotes

“The leading index is seen rising 0.1% m/m.  Headline inflation is seen ticking up to 1.5% y/y, while core is seen steady at 1.8% y/y.  On Wednesday, Bank of Canada Deputy Governor seemed to downplay an imminent tightening, noting that it does not have to move in step with the Fed’s moves.  The next FOMC meeting is December 14, while the next BOC policy meeting is December 7.  If the Fed hikes then as expected, the BOC would have the chance to match it at the January 18 meeting.”