• The Canadian Dollar tilted into the red across the board on Monday.
• Canada delivers its latest CPI inflation data this week.
• A speech from BoC’s Macklem and Canadian Retail Sales data due on Friday.

The Canadian Dollar backslid to kick off the trading week, falling into the low end on Monday across the major currency board as CAD traders gear up for a fresh round of Canadian Consumer Price Index (CPI) inflation figures due during the mid-week phase.

Canada releases its latest inflation figures on Tuesday, with the Bank of Canada (BoC) set to deliver their own core CPI basket print at the same time. Later in the week, Canadian Retail Sales figures will be released on Friday, alongside a fresh appearance from BoC head Tiff Macklem. Of course, the key event for global markets this week will be the US Federal Reserve’s (Fed) highly-anticipated rate cut due on Wednesday.