The prior month was revised to -1.3% vs -1.4%
The gain was the largest MoM gain since 2.0% gain in September and breaks back to back declines of -1.1% and -1.3%.
Taking out Autos and parts, the sales increased by 0.7%
Total inventories are down -1.4%
Unfilled Orders rose by 0.3%
New Orders rose by 1.5%
The USDCAD has moved lower on the data and trades at new day lows. The price remains below the 100 and 200 hour MA in trading today. The 1.2440-50 is the next target below for the pair.
