Canadian Wholesale Sales MoM Prel (Jan) M/M -0.6% (Prev. 2%)

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.

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Canadian Wholesale Sales MoM Prel (Jan) M/M -0.6% (Prev. 2%)

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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.

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