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CANADA DATA: Oct Wholesale Beats Expectations on Autos

CANADA DATA
  • Wholesales ex-petroleum & grains +1% MOM in October, above StatsCan's advance estimate +0.5%, prior +0.8% and +1.7% YOY. Increase led by motor vehicles, up for second consecutive month +3.2%.
  • In another report, Canada manufacturing sales +2.1% after two straight months of decline. Increase led by petroleum and coal and transportation equipment. Sales were above flash estimate +1.3% and prior -0.5%. Volumes +1.4%.
  • Q3 industrial capacity utilization +0.2pp QOQ, -0.1pp YOY.
  • Canadian industries operated +79.3% of capacity after +79.1% in Q2.
  • Electric power, generation, transmission and distribution +1.9pp to +83.4% in Q3 amid higher-than-normal temperatures last summer. 
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  • Wholesales ex-petroleum & grains +1% MOM in October, above StatsCan's advance estimate +0.5%, prior +0.8% and +1.7% YOY. Increase led by motor vehicles, up for second consecutive month +3.2%.
  • In another report, Canada manufacturing sales +2.1% after two straight months of decline. Increase led by petroleum and coal and transportation equipment. Sales were above flash estimate +1.3% and prior -0.5%. Volumes +1.4%.
  • Q3 industrial capacity utilization +0.2pp QOQ, -0.1pp YOY.
  • Canadian industries operated +79.3% of capacity after +79.1% in Q2.
  • Electric power, generation, transmission and distribution +1.9pp to +83.4% in Q3 amid higher-than-normal temperatures last summer.