What's coming up on the economic calendar

It's the shortest day of the year in North America but it's a full economic calendar that starts with some top-tier Canadian news.

No one knows where the Bank of Canada stands on interest rates next year and I think that includes the BOC Governor.

His latest policy seems to be promoting uncertainty. He's pushed aside forward guidance and wants markets to be off balance and left to interpret economic data.

The data is coming at the bottom of the hour with Canadian CPI for November and retail sales sales for October.

That's coupled with the third looks at US Q3 GDP, the Philly Fed at the Chicago Fed national activity index at the same time.

At 9 am ET (1400 GMT) there's the FHFA housing market index.

Later there is December advance Eurozone consumer confidence data and a 5-year TIPS auction.