Expected positive U.S. data takes the spotlight this week as tide turns the other way in Canada

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Federal Reserve minutes expected later Wednesday may yield some clues on where U.S. interest rates are headed in the near term.

OTTAWA — Flip a coin this week and chances are the eagle will be the winner not the low-flying Canadian loonie.

Economic data out of the United States should trump our numbers as the divergence between the two countries widens.

We “could see further good news regarding the rebound in U.S. growth, with housing starts and industrial production data expected to rebound more than consensus expects,” say economists at CIBC World Markets.

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