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Retail Sales Ahead At 0830ET

CANADA
  • Analysts stick to the 0.5% indication from the advance release for May, following a strong 1.1% increase in April that was based off a softer 0.3% in volume terms.
  • There’s continued scope for surprises with advance response rate still low at 40.6%, something to bear in mind with the June advance also to be released.
  • GoCs currently trade bull flatter (2YY +0.0bps, 10YY -2bps) in modest outperformance to Tsys. USDCAD has lifted recently to sit 0.1% higher on the day but for now doesn’t re-test 1.32.

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