- Wholesale Sales in Canada fell more than expected in October.
- USD/CAD pair continues to move sideways above 1.31 after data.
Following September’s increase of 0.8%, Wholesale Sales in Canada declined 1.1% in October to $64.2 billion, the data published by Statistics Canada revealed on Thursday. This reading came in worse than the market expectation for a fall of 0.1%.
“Four of the seven subsectors reported lower sales, accounting for 66% of total wholesale sales,” the publication read. “In volume terms, wholesale sales declined 1.1%.”
The USD/CAD pair largely ignored the data and was last seen trading at 1.3120, adding 0.05% on a daily basis.
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