07:15 AM EDT, 10/18/2024 (MT Newswires) -- Canada will release the household credit figures for August at 8:30 on Tuesday, noted Bank of Montreal (BMO).

The bank will also have an eye on Saturday's provincial election in British Columbia. Earlier this week, the provincial Conservative Party finally released its platform and continued to stick to a commitment to balancing the budget within two terms.

The plan also includes some optimistic growth assumptions -- an average 5.4% growth rate, versus BMO's call for nominal gross domestic product to expand at or just under 4.0% this year and next. So, the likelihood of balancing the budget even in that generous timeframe is unclear.

Otherwise, it's all eyes on the Bank of Canada next Wednesday, stated BMO.

The Canadian dollar (CAD or loonie) is just a touch stronger at $1.379 despite another step down in oil prices with WTI about 45 cents lower and hovering above $70.23/barrel, according to the bank.