Canadian Wholesale Sales MoM Final (Feb) M/M 2.0% vs. Exp. 2.3% (Prev. -1%, Low. 2.3%, High. 2.5%)
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Canadian Wholesale Sales MoM Final (Feb) M/M 2.0% vs. Exp. 2.3% (Prev. -1%, Low. 2.3%, High. 2.5%)
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Context
The Canadian wholesale sales for February came in at 2.0%, slightly below expectations of 2.3%, but reflecting a significant rebound from the previous month's decline of -1%. This print is relevant as it suggests a slower-than-expected recovery in the wholesale sector, which may impact projections for GDP growth and influence the Bank of Canada's policy outlook regarding rate adjustments going forward.
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