We expect a $111.315 movement on USDCAD within 2 hours following the release of Industrial Production YoY at 12 Nov 10:00. We expect USDCAD to trend downwards 2 hours following the event release at 12 Nov 10:00 if the released value is < 4.1%. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion

14 Jul 09:00

12 May 09:00

15 Feb 10:00

12 Nov 10:00