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

20 June 2016, 14:58
Sherif Hasan
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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.

Stay long 'miscellaneous'

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

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