New motor vehicle sales and manufacturing indicators printed softer than expected today, reflecting that a strong Canadian dollar is taking its toll on Canadian business. The quarter of a percent rate hike the Bank of Canada is proving to be effective. Further hikes are expected from the central bank, but if economic indicators continue to show a slowing economy, Bank of Canada may postpone an active policy. There are no indicators scheduled in the next 24 hours.
[B]Previous 24 hours:
New Motor Vehicle Sales[/B] (MoM) (MAY)
[B]Manufacturing Shipments[/B] (MoM) (MAY)
[B]Unfilled Orders[/B] (Manufacturing) (MoM) (MAY)
[B]New Orders[/B] (Manufacturing) (MoM) (MAY)
[B]Manufacturing Inventories[/B] (MoM) (MAY)
[B]Manufacturing I/S Ratio[/B] (MAY)
[B]Next 24 hours:
[/B]There are no economic indicators scheduled over the next 24 hours.
Click Here For More