Canadian inflation and retail sales figures for August and July respectively are due on Friday at 1230 GMT. Market participants currently assign a near 80% chance for a rate hike by the nation’s central bank during its late October meeting, with a data beat having the capacity to seal the deal for such a move, consequently supporting the local dollar. Canada’s inflation as measured by the consumer price index is anticipated to contract by 0.1% m/m in August, after rising by 0.5% in July. This would put the annual pace of growth at 2.8%, below July’s 3.0% which constituted the fastest rate of expansion since September ... (full story)