The typical/expected market impact of this event is low.
The consensus forecast for Wholesale Sales (MoM) is 1.4%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Wholesale Sales (MoM) was 2% against a forecast of 2.3%.
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Wholesale Sales (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Average Hourly Wages (YoY) | Bearish change | 5.1% | 4.8% | ||
| Net Change in Employment | Bearish change | 14.1K | -17.7K | ||
| Unemployment Rate | Bearish change | 6.7% | 6.9% | ||
| Ivey Purchasing Managers Index | Bullish change | 56.5 | 61.5 | ||
| Ivey Purchasing Managers Index s.a | Bullish change | 49.7 | 57.7 | ||
| S&P Global Manufacturing PMI | Bullish change | 50 | 53.3 | ||
| Gross Domestic Product (MoM) | Bullish change | 0.1% | 0.2% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Consumption |
| Frequency: | Monthly |