1:32 PM · 18 September 2023

BREAKING: Strong macro readings from Canada! USDCAD loses

New home construction starts from Canada came in 252k vs 234,3 k expected and 255,2 k previously

PPI inflation in Canada (m/m): 1,3% vs 0,21% exp. and 0,4% previously
RMPI inflation in Canada (m/m): 3% vs 1% and 3,5% previously

Data suggest that overall demand in Canadian economy is still strong and may be even 'proinflationary' as wee see in PPI and RMPI readings.

Source: xStation5

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