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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USTR Greer says the goal on tariffs in continuity; are looking at how to implement a 15% tariff, via Bloomberg TV
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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