Canadian wholesale sales numbers from StatsCan:
- Prior was +1.9% (revised to +1.7%)
- Wholesale inventories +0.1% (seventh consecutive rise)
- Full report
More bad news in Canadaland, although it's a second-tier release.
Wholesale sales with 4-month moving avg
Motor vehicle sales fell 3.1% and were a big drag but it's not a surprise after some recent gains. The real disappointment is that sales in 'machinery, equipment and supplies' fell 1.8%. That's where you'd start to expect to see some investment from exporters, given the low Canadian dollar.
