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Retail Sales And Industrial Prices Ahead At 0830ET

CANADA
  • Last month’s advance release had retail sales falling -0.5% M/M in Feb after some volatile months (-2.0% Dec, +3.2% Jan), implying a solid decline in volumes as CPI was +0.8% M/M for a price proxy.
  • Watch the advance release for March values, although implied real growth will likely be weak with CPI of +0.9% M/M.
  • Industrial price inflation seen at another strong +2.1% M/M in March after Feb’s 3.1% was the strongest monthly print since Jan-1980.

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