US existing home sales and Canadian wholesale sales in focus today - TDS

Analysts at TD Securities point out that US existing home sales for June are the lone economic release and the market looks for a 0.2% increase to a 5.44m unit pace.

Key Quotes

“The Fed is in blackout all week so we will not hear from any officials until August 1st.”

“Canada: Wholesale sales will give one last update on activity data for May ahead of official GDP figures. TD looks for a 0.6% m/m advance, in line with the market consensus.”