The lowly Canadian wholesale sales report from way back in April:
- Prior was +0.8% (revised to +1.0%)
- Ex-autos +0.4%
- In Jan/Feb combined, sales fell 4.1%
- Inventories +0.5%
No reaction from the Canadian dollar.
USD/CAD has been quiet over the past week after the quick fall to 1.2210 from 1.2500. A small period of consolidation is ongoing around 1.2320. The downside is in focus today with WTI crude up $1 but the Fed is keeping trading light.
