• Prior was +2.5% (revised to +2.6%)
• February advance reading -0.4%
• Jan ex-autos +0.2% vs -0.2% expected

This is a decent number on the headline and particularly on ex-autos but my focus is on February after tariff threats turned real. The -0.4% is surprisingly good and should help the loonie.

This article was written by Adam Button at www.forexlive.com.