CANADA DATA: May Wholesales Unexpectedly Rise +0.1% On Household Goods & Autos
Jul-14 13:14
Wholesale sales ex-petroleum and grains +0.1% MOM in May, above StatsCan's advance estimate -0.4%.
Gains in five of seven sectors. Personal and household goods +3.5% after three prior declines, autos +2.2%.
Special survey found: "The share of respondents indicating that the ongoing trade issues had an impact on their businesses fell from 43.6% in April to 36.9% in May."
Inventories +0.8% after -0.2% in prior month.
Wholesales +1.8% YOY.
Report follows Friday's big job gain that pushed down the odds the BOC will cut rates at the July 30 meeting.