Canada April wholesale sales +1.7% vs +0.2% expected

Author: Adam Button | Category: News

Wholesale trade from Statistics Canada

wholesale sales
  • Fifth consecutive monthly increase
  • Prior was +1.4%
  • Inventories +0.4%
  • Motor vehicles and parts +3.2%
This is a second-tier indicator but it illustrates once again that the Bank of Canada can't follow other central banks by cutting rates. That puts the loonie in an enviable place.
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