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(April 21, 2016 )

▲Canadian January 2016 GDP jumped by a much stronger than expected 0.6% fol-lowing a 0.2% increase in December 2015.
▲Employment increased by 40,600 in March 2016, thereby beating expectations for a 10,000 rise.
▲ Canadian retail sales rebounded by 2.1% in January 2016 from the 2.1% drop (was -2.2%) in December 2015 that in turn had more than retraced the 1.5% increase (was 1.7%) in November. Market expectations had been for a 0.6% month-over-month gain in January.
▲ Housing starts fell by 6.8% to a seasonally adjusted annualized rate of 204,300 in March 2016. February’s reading was revised upward to 219,100 from the 212,600 initially reported.
▲The February 2016 nominal merchandise trade deficit was larger than market expectations for a $0.9 billion shortfall as exports fell more than expected.
▲ Consumer prices rose by 0.2% in February 2016, but with an even larger energy-driven increase last February, the year-over-year rate of inflation fell to 1.4% from 2.0% in January. Market expectations had been for a stronger 0.4% monthly increase and 1.5% annual rate in February.