Canada wholesale trade for February -1.7% versus -1.6% expected

• Prior month +2.4%
• Wholesale sales -1.7 versus -1.6 estimate
• wholesale inventories +0.8% versus +1.8% last month (revised from +1.5%)

The full report can be found HERE

From StatCan:

"Sales fell in five of seven subsectors. The decrease of sales was mainly led by the motor vehicle and motor vehicle parts and accessories and the food, beverage and tobacco subsectors. Excluding motor vehicle and motor vehicle parts and accessories, wholesale sales were down 1.0%. Despite the monthly decrease in the sector, wholesale sales were higher (+7.4%) than in February 2022."

\Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term