Analysts at TD Securities note that Canadian retail sales and CPI both surprised to the upside, with the former up 2.0% m/m on a rebound from weather-related weakness while inflation picked up to 2.5% y/y, the highest since 2012, as core measures firmed. Key Quotes “We still expect the economy to slow into H2 but with Q2 GDP tracking near 3%, we are performing at or slightly above the BoC’s projections. Today’s data should be seen as incrementally raising the risk of an October hike.” “FX: USDCAD appreciably dipped on the data surprise. The move was also exacerbated by Trump’s latest anti-strong USD rhetoric. The latter may prove fleeting however. We remain cautious on CAD, as the rates market is firmly biased for additional tightening by year-end (leaving less room for CAD appreciation) and trade tensions remain a notable factor for its prospects going forward.” 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 Bitcoin price analysis: BTC/USD readies for a breakout: eyes glued on $7,800 supply zone FX Street 5 years Analysts at TD Securities note that Canadian retail sales and CPI both surprised to the upside, with the former up 2.0% m/m on a rebound from weather-related weakness while inflation picked up to 2.5% y/y, the highest since 2012, as core measures firmed. Key Quotes "We still expect the economy to slow into H2 but with Q2 GDP tracking near 3%, we are performing at or slightly above the BoC's projections. Today's data should be seen as incrementally raising the risk of an October hike." "FX: USDCAD appreciably dipped on the data surprise. The move was also exacerbated by Trump's… 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.
