In June, Canada headline CPI slowed to 2.0% yoy, down from 2.4% and matched expectations. CPI core -common was unchanged at 1.8% yoy, matched expectations. CPI core -median was unchanged at 2.2% yoy, above expectation of 2.1% yoy. CPI core – trim slowed to 2.1% yoy, down from 2.3% yoy , miss expectation of 2.2% yoy.
Manufacturing sales rose 1.6% mom to CAD 58.9B in May, missed expectation of 2.0% mom. The increase was mainly due to higher sales in the transportation equipment industry. Sales were up in 12 of 21 industries, representing 66.2% of total Canadian manufacturing.
USD/CAD has little reaction to the releases. It’s staying in range of 1.3143/3018.