The Canadian Imperial Bank of Commerce (CIBC) Research Team enlists key macro events due to be reported from Canada later today at 1230 GMT. Key Quotes: “May Retail sales Harsh weather conditions kept shoppers away in April. Early indications suggest that the following month saw sales speed ahead. Led by a strong rebound in car purchases. Even ex-autos reading should benefit from a return to more seasonable weather. Rebound in retail sales will support a decent monthly GDP print, it’s unlikely to be the beginning of a new trend. The slower pace of job creation in 2018 combined with rising consumer borrowing rates will leave consumption providing less of a contribution to growth this year. June Inflation A surprise decline in ex-food and energy prices meant that May was the second consecutive soft reading. Rebound is in store. With a fall in gasoline, look for headline prices to advance 0.1% NSA, leaving the annual rate accelerating to 2.4% from the 2.2% it has been tracking since April. That said, the Bank of Canada’s core common component measure should remain steady at 1.9% for the fifth straight month.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold keeps the red amid Yuan slide FX Street 5 years The Canadian Imperial Bank of Commerce (CIBC) Research Team enlists key macro events due to be reported from Canada later today at 1230 GMT. Key Quotes: "May Retail sales Harsh weather conditions kept shoppers away in April. Early indications suggest that the following month saw sales speed ahead. Led by a strong rebound in car purchases. Even ex-autos reading should benefit from a return to more seasonable weather. Rebound in retail sales will support a decent monthly GDP print, it's unlikely to be the beginning of a new trend. The slower pace of job creation in 2018 combined with rising… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
