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.