08:02 AM EDT, 10/17/2024 (MT Newswires) -- The calendar is light in Canada on Thursday, with no market-moving pieces of macroeconomic data on deck, noted Bank of Montreal (BMO).

Investors will get construction investment and international securities transactions, both for August, at 8:30 a.m ET, said the bank.

The Canadian dollar (CAD or loonie) softened again on Thursday at $1.378/USD (72.6 US cents), pointed out BMO.

This week's data flow hasn't helped the loonie, with the soft September Canadian inflation report firming expectations that the Bank of Canada will cut rates by 50 bps next week, while financial markets still see a chance that the United States Federal Reserve could even take an upcoming meeting off, added BMO.