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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.

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