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CANADA DATA REACT: Mar Wholesale Sales -2.2%, vs.....>

CANADA DATA REACT: Mar Wholesale Sales -2.2%, vs. MNI Median -6.0%
- Sales declined to lowest since Jan 2015. 
- Impact of COVID-19 for April should be more severe than March. 
- Motor vehicles and parts (-21.2%) contributed the most to the Mar. decline;
largest monthly drop since Jan. 2009. 
- Sales ex-autos +2.1%, driven by food and beverages subsector (+8.1%). 
- 1Q wholesale sales +1.4%, offsetting -1.4% decline in 4Q 2019. 
- Inventories +0.1% led by building materials and machinery, equipment and
supplies subsector. 
- Inventory-to-sales increased from 1.41 to 1.44; close to the highest record
(1.45) since 1995.

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