- Wholesale sales in Canada fell less than expected in December.
- USD / CAD remains bullish, given the general strength of the dollar.
The Wholesale sales in Canada fell 1.3% in December to $ 66.5 billion, the monthly report published by Statistics Canada showed on Friday. This reading followed the November increase of 0.7% and was better than the market expectation of a 1.6% drop.
“The decrease was attributed to a sharp decline in sales of motor vehicles and motor vehicle parts and accessories, and of machinery, equipment and supplies,” the publication read. These drops were partially offset by an increase in “sales in the miscellaneous subsector”.
The loonie was not affected by the data. USD / CAD is trading at day highs above 1.2750 driven by a dollar rally in the market.
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