Monthly Canadian GDP report for May 29 July 2016

  • +0.1% prev
  • yy +1.0 % +1.2% exp vs +1.5% prev

Disappointing data, largest monthly decline since 2009 but focus on the bigger US GDP miss

USDCAD 1.3163

  • industrial product price mm June +0.6% vs +0.1% exp vs +1.2% prev revised up from +1.1%
  • raw materials price index mm June +1.8% vs +3.05 exp vs 7.0% prev revised up from +6.7%