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REPEAT: CANADA: MNI PREVIEW: April CPI/March.........>

CANADA: REPEAT: MNI PREVIEW: April CPI/March Wholesales preview - Wed 8:30
- MNI median for MOM Apr CPI -0.7% vs. prior -0.6%, likely biggest drop on
- MNI median YOY is -0.2% YoY vs prior +0.9%.
- The 12-month CPI is expected to be the lowest since 2009. 
- Key is whether core measures show broad-based weakness and potential deflation
beyond plunge in energy prices. CIBC sees "common" core CPI at 1.4%, says report
doesn't capture shift in spending away from say travel to food/cleaning
- StatsCan note Tues: data collection hurt by pandemic: Apr response rate 83 v
Mar 95%. More prices were imputed, similar to BLS treatment of US CPI.
- MNI median for March wholesale sales -7.5% MOM vs. prior +0.7%.
- March wholesale sales is expected to show biggest drop on record; April
full-month countrywide shutdowns suggest a new record of low for wholesales.

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