Canadian Wholesale Sales MoM Prel (Jan) M/M -0.6% (Prev. 2%)
Newsquawk Staff ·
Canadian Wholesale Sales MoM Prel (Jan) M/M -0.6% (Prev. 2%)
What it means
The preliminary data showing a 0.6% decrease in Canadian wholesale sales for January, compared to a previously reported 2% increase, indicates a significant slowdown in activity. This could suggest weakening demand, impacting GDP growth forecasts and potentially influencing the Bank of Canada's monetary policy direction, with implications for interest rates and the CAD exchange rate.
- BoC MPR: Raises 2026 GDP forecast to 1.0% from 0.7%, 2027 and 2028 GDP raised to 2.0% from 1.8%
- PREVIEW: BoC Rate Decision and Governor Statement due Wednesday 28th October, 2026 at 13:45GMT/09:45EDT
- US Goods Trade Balance Advance (Sep) -134.90B vs. Exp. -130B (Prev. -132.07B)
- Italian PPI (Sep YY) 13.8% (Prev. 10.9%)
- US FX WRAP: DXY rises; hawkish Japan CPI report/BoJ sources; EUR hit on weak PMI data
Related headlines
- Italian PPI (Sep MM) 2.9% (Prev. 2.4%)5 hours ago
- EUROPEAN OPEN: SKHY surges after Q3 profits; EQNR NO lifts FY production view; UBSG SW Q3 net income miss; DBK GY posts third straight record profit; MBG GY Q3 revenue & earnings fall; ULVR LN raises FY volume growth view; GSK LN Q3 profit & revenue beat6 hours ago
- Thai Interest Rate Decision 1.00% vs. Exp. 1% (Prev. 1.00%)8 hours ago
- TPG pursues USD 5bln acquisition of UK data centre group Ark, according to FT10 hours ago
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause12 hours ago
- Australian Quarterly CPI (Q3 YY) 3.9% vs. Exp. 3.9% (Prev. 3.9%)14 hours ago
- Australian RBA Trimmed Mean CPI (Sep MM) 0.3% vs. Exp. 0.3% (Prev. 0.2%)14 hours ago
- Australian CPI (Sep) 104.34 (Prev. 103.50)14 hours ago
- Australian Quarterly CPI (Q3 QQ) 1.3% vs. Exp. 1.3% (Prev. 0.6%)14 hours ago
- Australian CPI (Sep MM) 0.8% vs. Exp. 0.7% (Prev. 0.4%)14 hours ago
- Australian RBA Weighted Median CPI (Sep MM) 1.0% (Prev. 0.7%)14 hours ago
- Australian CPI (Sep YY) 3.9% vs. Exp. 4.2% (Prev. 4.0%)14 hours ago
- Australian RBA Weighted Median CPI (Sep YY) 3.6% (Prev. 3.6%)14 hours ago
- Australian RBA Trimmed Mean CPI (Sep YY) 3.7% vs. Exp. 3.6% (Prev. 3.6%)14 hours ago
- Newsquawk Daily Asia-Pac Opening News - 28th October 202617 hours ago