-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessCLARIFY: Canada July Wholesale +1.7% Vs 0.0% Forecast
Adds that 20% gain in pharmaceuticals was for imports in third paragraph.
By Greg Quinn
OTTAWA (MNI) - Canadian wholesale sales rose the most in more than two
years in July on motor vehicles and record medicine imports, strength that made
a tiny dent in the most bloated inventories in over two decades.
Sales rose 1.7% from June to a record C$65.4 billion, well ahead of the MNI
economist median calling for no change.
Motor vehicle and parts sales rose 4% to C$11.4 billion in July, the
strongest showing for this category in July in a decade, Statistics Canada said
Monday from Ottawa. Personal and household goods gained 4.7%, led by a 20% jump
in pharmaceutical imports.
The report meshses with the Bank of Canada's view the domestic economy is
resilient and near full capacity, even as some investors are betting a global
trade war will lead policy makers to cut interest rates later this year. Sales
have climbed in six of the first seven months of this year and are up 3.4% from
July 2018.
One trouble spot in today's report is a buildup on inventories, a potential
sign companies are struggling to sell their goods. Even with the strong sales
gain, the ratio of inventories declined only a notch to 1.44 in July from 1.45
in June. The June figure is the highest since October 1995. Total inventories
climbed 0.5% in July, the 11th consecutive increase.
Excluding price changes, sales volumes rose 1.9% in July. The volume
figures have a bigger influence on the July GDP figures that will be released on
Oct. 1.
--MNI Ottawa Bureau; +1 613-314-9647; email: greg.quinn@marketnews.com
--MNI Ottawa Bureau; +1 613 981-1671; email: anahita.alinejad.ext@marketnews.com
[TOPICS: MACDS$,M$C$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.