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
Daily summary: Precious metals euphoria continues unabated 📈
BREAKING: China issues implementation rules on port fees on US ships
France on the Brink
Economic calendar: light agenda kicking off an interesting week 📌