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April wholesale sales +1.7%, fifth rise.>

CANADA DATA
CANADA DATA: April wholesale sales +1.7%, fifth consecutive rise 
and largest gain since December 2016. Sales blow away market expectation 
of +0.2%. Ex autos +1.4% and total sales volume +1.6%. Inventories 
+0.4%. I/S ratio 1.39 vs 1.40 in March. Autos and parts up +3.2%, 
suggesting consumer confidence. Machinery increases +2.2%, a positive 
sign for manufacturers. Personal and household goods rise +3.1%.

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