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.