Today?s factory prices kicked off the week, printing softer than expected data. However, tomorrow?s GDP release is expected to pick up from April?s motionless read, in line with last week?s swelling retail sales. A strong GDP print may be what the Canadian dollar needs to turn its recent declines around.
[B]Previous 24 hours:[/B]
[B]Industrial Product Price /B (JUN)
Actual: -1.3%
Previous: -0.5%
[B]Raw Materials Price Index /B (JUN)
Actual: 0.6%
Previous: -0.2%
[B]Next 24 hours:[/B]
[B]Gross Domestic Product /B (MAY)
Expected: 0.4%
Previous: 0.0%