Morning, Traders!
It is Wednesday the 8th of March, the day of the latest Bank of Canada Interest Rate, another appearance from the Fed Chairman, and the first of this week's employment reports for the US.
Here are some things to look out for today.

Local newspaper covers itself | Morning News | Know Your Meme

Following yesterday's spike, the dollar gauge stabilized this morning, while Treasury rates increased for a third day as markets continued to anticipate further tightening from the Federal Reserve in light of Chair Jerome Powell's upcoming second day of congressional testimony.
As US market futures were stable, European stocks continued to decline.
The Bank of Canada is about to freeze interest rates for the first time among major central banks.

Investors are assessing the effects of Federal Reserve Chair Jerome Powell's statement to US legislators, which shook up markets throughout the world.
Powell's aggressive congressional speech highlighted the likelihood that rates will continue to rise for a while, and in the case of hot US data, the Fed is prepared to speed up the pace of rate hikes.


08:15 AM ET
US ADP Employment Change for February
Median Forecast 200K | Prior 106K | Rnage: 300K / -69K

08:30 AM ET
US Trade Balance for January
Median Forecast $-68.7B | Prior $-67.4B | Rnage: $-64.1B / $-71B

Canadian Trade Balance for January
Median Forecast $0.12B | Prior $-0.16B | Rnage: $0.28B / $-1.25B

10:00 AM ET
BoC Rate Decision
The median forecast is for no change, with the rate remaining at 4.5%.

BoC Rate Statement

US JOLTS Job Openings for January
Median Forecast 10.584M | Prior 11.012M | Rnage: 11.200M / 10.200M

10:30 AM ET
Weekly EIA Inventories Data
Crude Oil - Median Forecast: 1.6M | Prior: 1.166M | Range: 2.5M / -3.5M

2:00 PM ET
Fed's Beige Book


08:00 AM ET

Fed's Barkin discusses the labour market at an event hosted by a non-profit called Together SC in Columbia, South Carolina.
No text expected but there will be a Q&A with the audience.

10:00 AM ET
Fed's Powell appears before the House Financial Services Committee to deliver the second day of his semi-annual testimony to congress.


Good Luck Today!