Forex traders will get a minor economic distraction from the election circus in Canada today with the release of housing starts and building permits. Economists expected a further slowdown in the housing market, as seasonality is starting to filter through the data. In the meantime, Canadian voters will sort through last night’s TV debate in order to assess how PM Trudeau performed following his “brownface scandal”. How will this influence the CADJPY? Today’s fundamental analysis will take a look at price action in bot directions.
