AWARDS

What is it? Governor Poloz is due to testify, along with Senior Deputy Governor Carolyn Wilkins, before the Senate Finance Committee, in Ottawa.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? April 30^th at 10:30am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

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What is it? It checks the number of individuals who filed for unemployment insurance for the first time during the past week.

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When? April 30^th at 8:30am Eastern Time.

Trading Tip: If the actual number is lower than the forecast, you can expect the USD to rise.

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What is it? It checks the change in the inflation-adjusted value of all goods and services produced by the economy.

It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? April 30^th at 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Earnings and economics

Earnings season continues in full swing with Time Warner Cable (TWC) and Exxon Mobil (XOM) reporting ahead of the open. Expedia (EXPE), LinkedIn (LNKD, Tech30) and Visa (V) will report after the close.

On the economic front, the U.S. government posts weekly jobless claims at 8:30 a.m. ET. It will also report personal income and spending numbers at 8:30 a.m. ET.

2. Oil climbs

Crude futures ticked up 1% in electronic trading to hover just above $59 a barrel. Oil is trading at its highest level this year, helped along by a weaker than expected U.S. supply report on Wednesday.

3. International markets

European markets are heading south in early trading, with France's CAC index down 0.8%. Shares in oil giant Shell (RDSA) rose 1.7% in London after its first quarter profit result beat analysts’ expectations. Telecoms equipment maker Nokia (NOK) disappointed investors with its first quarter earnings -- the stock tanked 9%.

Asian markets ended the session lower. Japan's Nikkei tumbled 2.7% after the central bank left its policy unchanged.

4. Wednesday market recap

It was a soggy session across U.S. markets, with the Dow Jones industrial average losing 75 points, while the S&P 500 fell 0.4% and the Nasdaq closed 0.6% lower.

Still, major U.S. indexes are on track for slim gains for April.

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