Wholesale sales data from Statistics Canada

  • Prior was +0.3% (revised to +0.1%)
  • Inventories +0.8%
  • Trade of $56.8 billion in August
  • Fifth consecutive gain
  • 5 of 7 subsectors gained

Digging into the report, agriculture was a big driver in a couple categories.

Overall, this number is close to expectations. The headline is a tad strong but the revision lower balances it out.

USD/CAD initially moved a few pips lower but it remains a handful of pips away from the session high of 1.3379. That's also the highest since March.

Note that Poloz speaks late today at Parliament.