Canada wholesale trade sales for July 2020
- Canada wholesale trade sales came in at +4.3% vs. 3.5% estimate. YoY rose 0.7%
- prior month saw and oversized gain of 18.5%
- sales ex auto's rose 1.8% MoM. Year on year rose 2.0%
- inventories fell by -0.4% MOM. Year on year fell -3.2%
- inventories ex auto's fell -0.6%. You are on your -3.3%
- The inventory to sales ratio came in at 1.39 vs. 1.45 in June
