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On a day that is fairly light on the ground with data releases, Housing Starts data for Canada could move the market for anyone with a Loonie requirement.

This figure is due for release at 13.15 and is expected to show a decline – from 187,000 to 178,000, although this would likely move the markets against the Canadian Dollar I would only expect this to have a limited effect. If the figure comes out vastly different it could really rock the market, certainly if the figure actually grew the CAD would strengthen dramatically.

It is certainly a data set to keep an eye on if you do have a Canadian Dollar requirement as there is certainly potential to move the markets. If you are looking at moving funds today or indeed want to talk to an experienced broker regarding a longer term requirement fill out one of our enquiry forms and an experienced broker will be in touch.