Canada January wholesale trade sales data now out 20 Mar
- -0.5% prev
- wholesale inventories rose for the second consecutive month, up 1.1% to a record $83.5 billion in January. Five of seven subsectors posted increases, representing 73% of total wholesale inventories.
Says Stats Cad:
- Wholesale sales edged up 0.1% to $63.3 billion in January. Sales were up in four of seven subsectors, accounting for 66% of total wholesale sales
- Increases in the food, beverage and tobacco and the machinery, equipment and supplies subsectors were almost completely offset by declines in the building material and supplies and the motor vehicle and parts subsectors.
- In volume terms, wholesale sales increased 0.5%
Sales up in five provinces, led by British Columbia and Ontario
Full report here
USDCAD unfazed around 1.3075 still
The Wholesale Sales released by Statistics Canada shows value of sales made by wholesalers in Canada. Generally, a growing number in wholesales indicates increases in retail trade and consumption, that is seen as positive or bullish for the CAD, while a declining number indicates the weakened retail sectors, consumption, and the economy in Canada, that is seen as negative or bearish for the currency.
