Canadian wholesale sales exceeds estimates on stronger automobile sales
Wholesale sales came out at 1.6% against the -0.2% expected and higher than the previous -1.1% (revised from -1.0%) in January. The Ottawa-based Statistics Canada office explained that this increase was mainly attributed to Motor vehicle and parts sales which rose by 2.7%.
Personal and household goods rose by 2.3% and building material and supplies gained 2.2%.
USD/CAD is still trading within a relatively narrow range of 0.9922 - 0.9978.
RTFX Ltd (“RTFX”) is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX at the time of preparation. They are thus subject to change without notice. RTFX believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX or any director, officer or employee.
