The wholesale trade report is a lagging indicator but it’s an important factor in GDP. Estimated ranged from +0.1% to 1.0%.
- Prior reading was revised higher to -0.3% from -0.4%
- Best reading since July 2013
wholesale sales
USD/CAD slumped to 1.0860 from 1.0870 on this report and the soft US current account numbers.
