Prior 0.7%. Revised to 0.9% Ex-autos 1.5% vs 0.5% exp. Prior 0.1%. Revised to 0.3% Retail sales show an impressive jump and that has wiped out the quick pop in USD/CAD over the inflation numbers. From jumping to 1.0977 we’ve … Continue reading
Prior 2.4% -0.2% vs -0.1% exp m/m. Prior +0.1% BOC Core 1.7% vs 1.9% exp y/y. Prior 1.8% -0.1% vs +0.1% exp m/m. Prior -0.1% Headline inflation drops below 2.2% expected as goods and energy lead the fall.
Canadian CPI is out at 13.30 gmt+1 and we get another clue as to whether the 8 month run from 0.7% to 2.4% is going to start falling back. The market is looking for a fall to 2.2% from 2.4% … Continue reading
Prior 2.2%. Revised to 2.3% Inventories 1.0% vs 0.2% prior. Revised to 0.3% Sales to inventory ratio unchanged at 1.24 Trade ex-autos 1.2% vs 0.7% prior. Revised to 0.8% The loonie gets some mild love as it falls 8 pips … Continue reading
Prior C$21.43bn Foreign investors spent, C$2.55bn in Canadian stocks, C$224min money markets They sold C$3.85bn in Canadian bonds and overall C$9.42bn in Federal government bonds Canadians added C$1.96bn in foreign securities vs C$2.03bn prior It’s the 9th straight month that … Continue reading
Says he’s comfortable that StatsCan won’t repeat the error Error not related to government cutbacks Encouraged by Canadian jobs growth in July and rise in Canadian hours worked Canadian economy in transition period for jobs Joe Oliver said earlier that … Continue reading
NS Sherlock Joe Oliver also says long term job trend is more important. Considering the runaround we get in full and part time numbers month by month I’ll leave him to find the trend in that.
Prior -9.4k Unemployment rate 7.0% vs 7.1% exp. Prior 7.1% Full time changes -18.1k vs +33.5k Prior Part time +59.9k vs -43.0k prior Participation rate 66.1% vs 66.1% exp. Prior 66.1% So good news then and the fat finger potentially cost some traders a … Continue reading
Someone at Statscan has been wishing he/she could for the past week. Mike’s covered the ins and outs and the figures are being issued as if Friday never existed. Keep an eye out also for the NY Fed Empire state … Continue reading
Prior 0.1% 1.5% vs 1.5% prior y/y