07:40 AM EDT, 07/12/2024 (MT Newswires) -- Derek Holt, Vice-President & Head of Capital Markets Economics at Scotiabank, noted US core producer prices are expected to be on the soft side again at 0.2% m/m SA after the prior 0% print (8:30amET). He also noted: UoM sentiment 1 and 5-10 year inflation expectations were both "bang on" 3% in June and "relatively sticky so far this year" (10amET).

Canada, Holt noted, will update existing home sales for June this morning (9amET). It, he said, "typically gets ignored" by markets. Holt added: "there is no consensus estimate because..."only a few cities release in advance....most of them don't know how to seasonally adjust, and...even if they did, the seasonal adjustments wouldn't translate well into a national total."