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June CPI +2.0% YoY & May Factories MoM..>

CANADA DATA: June CPI +2.0% YoY & May Factories +1.6% MoM
- June CPI +2.0% YoY vs MNI median +2.0% and prior +2.4%
- CPI ex-energy +2.6% YoY as gasoline -8% MoM
- Fall in gasoline prices the largest since November 2018
- Mean of BOC core measures +2.0% MoM vs +2.1% prior
- June CPI fell YoY in 9/10 provinces
- CPI -0.2% MoM in June vs +0.4% in May
- May Factory sales +1.6% MoM  to C$58.9B vs +2.0% median
- StatCan revised factory sales upwards for prior 3 months
- Factories rose as vehicle plants returned to full production following 
temporary shutdowns in April (April factories -0.4% MoM)
- Factory sales volumes +1.7% in May
- Inventory/sales edged down to 1.51 in May vs 1.52 prior 

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