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MNI DATA BRIEF:Canada May Wholesales Seen Rising For 3rd Month

MNI (Ottawa)
OTTAWA (MNI)

Canada's May wholesale sales are expected to increase 1.1% following the prior month's 0.4% gain, according to an economist consensus, matching StatsCan's flash estimate.

Machinery, equipment, and supplies sales should lead the gain in May. Statistics Canada's report is due at 830am EST Friday, and investors should watch for any flash estimate of sales for June, when mass vaccinations led to re-openings.

Industry sources have told MNI there are signs of an increase in inflation during the summer, reflecting pent-up demand along with tight supply.

MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com
MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com

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