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CANADA DATA: July Wholesale Increases Beating Expectations

CANADA DATA
GlobalCanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America
  • Wholesales ex-petroleum and grains +0.4% MOM in July, beating the advance estimate -1.1%. Wholesales +1.1% YOY.
  • Increase was led by agriculture supplies, food, beverage and tobacco.  
  • Sales volume +0.5% in July after -0.9% in June.
  • Inventories +0.5% following -0.1% in June.
  • Report followed disappointing flash July GDP that raised doubts about BOC's estimate of the Q3 expansion. 
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  • Wholesales ex-petroleum and grains +0.4% MOM in July, beating the advance estimate -1.1%. Wholesales +1.1% YOY.
  • Increase was led by agriculture supplies, food, beverage and tobacco.  
  • Sales volume +0.5% in July after -0.9% in June.
  • Inventories +0.5% following -0.1% in June.
  • Report followed disappointing flash July GDP that raised doubts about BOC's estimate of the Q3 expansion.