Investors Eye U.S. Inflation Data, Fed Speeches, and Bank of Canada Minutes for Rate Hike Clues

Financial markets are closely watching upcoming U.S. inflation data, including October's Consumer Price Index (CPI) on Tuesday and Producer Price Index (PPI) on Friday, along with speeches from Federal Reserve policymakers. These releases are expected to provide further indications on the likelihood of another Federal Reserve interest-rate hike in December, with money markets currently pricing a 75% probability of a quarter-point increase. Additionally, the Bank of Canada's recent meeting minutes, where it raised its key interest rate by a quarter point to 2.5%, will be released Tuesday, offering clues on its future policy direction.