Rates are several basis points higher this morning as the data and economic outlook have improved on several fronts today.
In Canada, the Capacity Utilization Rate for the 1st quarter of 79.0% was well ahead of expectations of 77.2%, and the reading for Q4 2010 was revised upward somewhat.
In the US, May Retail Sales fell 0.2%, but were slightly better than the market had projected.
Finally, Industrial Production and Retail Sales numbers out of China were better than expected, and that has generated a more positive tone globally.
The rest of the week includes the following economic releases:
Canada: Manufacturing Shipments (Wed), Wholesale Trade (Fri)
US: CPI, Empire State Manufacturing Index, Industrial Production & Capacity Utilization (Wed); Initial and Continuing Jobless Claims, Housing Starts & Building Permits, Philadelphia Fed (Thu); Consumer Sentiment, Leading Indicators (Fri)
Tags: Retail Sales, Capacity Utilization Rate, US Retail Sales, Industrial Production, China, Canada, Commercial, Mortgages, Financing, Lending, Apartment, CMHC, Vancouver, Calgary, Toronto, Montreal, Halifax