Fundamentals: CAD Gains Support From Indicators

Today?s calendar provided the Canadian dollar support with a better than expected trade surplus and a growth in the new housing price index. The Canadian docket had been quiet prior to today?s prints, riding on Tuesday?s Bank of Canada rate hike and the rhetoric that followed. There are no economic indicators scheduled for Canada over the next 24 hours.

[B]Previous 24 Hours:
New Housing Price Index[/B] (MoM) (MAY)
Actual: 1.1%
Previous: 0.8%
[B]International Merchandise Trade[/B] (Canadian dollars) (MAY)
Actual: 5.9B
Previous: 5.8B
[B]Merchandise Exports[/B] (MAY)
Actual: -1.2%
Previous: -0.3%
[B]Merchandise Imports[/B] (MAY)
Actual: -1.4%
Previous: -2.2%
[B]Bank of Canada Releases the Monetary Policy Report Update[/B]
[B]Next 24 Hours:[/B]
There are no economic indicators scheduled for Canada over the next 24 hours.

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