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Canada: Wholesale Sales (Dec) dropped 1.4%

FXStreet (Edinburgh) - Canadian Wholesale Sales contracted 1.4% on a monthly basis during December, coming in short of forecasts at -0.5% and down from November’s 0.2% contraction (revised).

US: Producer Prices (Jan) rose 0.2% MoM

The Labour Department reported that Producer Prices rose 0.2% MoM during January, bettering expectations at 0.1% although lower than December’s...
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USD/CAD jumps above 1.0975 after economic data

The mix of weaker than expected US and Canadian data has fed even more the USD/CAD rally from 1-month low of 1.0910 to reach levels close to 1.1000.
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