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Canadian April wholesale trade sales +0.1% vs +0.5% exp

Canada April wholesale trade sales data

  • First gain following two months of declines
  • Prior was -1.0% (revised to -0.8%)

Weak on the headline but a touch stronger on the revision.

  • Inventories -0.3%
  • Prior inventories -0.3%

Those falling inventories are a drag on GDP.

Three of the seven sectors increased.

USD/CAD touched below 1.2800 shortly before the report and is unmoved afterwards. It's all about sentiment and the Brexit today.

Stay long 'miscellaneous'

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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