RSS Canada October wholesale sales +1.0% vs +0.5% expected

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 RSS Canada October wholesale sales +1.0% vs +0.5% expected

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  • Prior was +0.5%
  • Core wholesale sales (ex-petroleum/grain) up 1.0% to C$83.7B
  • Volume terms: +0.4%
  • Year-over-year: +1.7%

Highlights:

  • Motor vehicle sector leads gains: +3.2% to C$14.8B
  • Building materials: +2.8% to C$12.0B
  • Agricultural supplies drop: -9.8% to C$3.1B

Inventory Picture:

  • Total inventories unchanged at C$128.6B
  • Inventory-to-sales ratio improved to 1.54 from 1.55
  • Building materials inventories +1.5%
This article was written by Adam Button at www.forexlive.com.
 
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