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Canadian inflation continues weak as Bank of Canada Chief Poloz addressed as being the result of temporary measures this week. Headline inflation is the lowest since Oct 2015, on the core there is some strength, as they should they are coming off the lowest readings since 1999.

Canada June consumer price index +1.0% vs +1.1% y/y expected, Prior +1.3% y/y

The average headline readings in Q2 1.3%, below the 1.4% BOC forecast.

  • CPI m/m -0.1% vs -0.1% expected, Prior m/m reading +0.1%
  • Core y/y Common 1.4% vs 1.3% prior
  • Core Trim  y/y 1.2% vs 1.2% prior
  • Core Median y/y 1.6% vs 1.5% prior

Canada May retail sales +0.6% vs +0.3% expected, Prior+0.7% 

  • Ex-autos -0.1% vs 0.0% expected. Prior month revised to 1.3% from 1.5%.
  • Sales at $48.9 billion in May
  • Sales up in 5 of 11 subsectors 
  • Higher sales at motor vehicle parts dealers main contributor.  Up 2.4% in May.
  • After removing the effects of price changes, retail sales in volume terms rose by 1.1%
  • E-commerce sales account for 2.3% of total retail sales

Source: Statistics Canada

From The TradersCommunity News Desk



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