The typical/expected market impact of this event is low.
The consensus forecast for Wholesale Sales (MoM) is 1.3%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Wholesale Sales (MoM) was 0.7% against a forecast of 0.7%.
Recent economic data has been strongly bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Wholesale Sales (MoM) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Ivey Purchasing Managers Index | Bearish change | 54.6 | 50 | ||
Ivey Purchasing Managers Index s.a | Bearish change | 55.8 | 50.1 | ||
Average Hourly Wages (YoY) | Bullish change | 3.5% | 3.6% | ||
Net Change in Employment | Bearish change | -40.8K | -65.5K | ||
Unemployment Rate | Bearish change | 6.9% | 7.1% | ||
S&P Global Manufacturing PMI | Bullish change | 46.1 | 48.3 |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Consumption |
Frequency: | Monthly |