Canada Nov wholesale trade sales +1.8% vs +0.5% expected

Manufacturing and wholesale data:

• Prior was -1.1% (revised to -1.3%)
• Wholesale trade sales +1.8% vs -0.6% exp
• Prior wholesale sales -0.6% (revised to -0.5%)

The Bank of Canada would have gotten a sneak peak at this report. It's important because it underscores Poloz's theme that manufacturing will accelerate to pick up the slack from soft commodity sales. It could be what makes the difference between a cut and no cut. It's very close.