Canada April wholesale sales +1.7% vs +0.2% expected
Wholesale trade from Statistics Canada
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.
- Fifth consecutive monthly increase
- Prior was +1.4%
- Inventories +0.4%
- Motor vehicles and parts +3.2%