Canada CAD

Canada Wholesale Sales MoM Prel

Impact:
Low

Latest Release:

Date:
Surprise:
0.9%
Actual:
0.7%
Forecast: -0.2%
Previous/Revision:
0.1%
Period: Jun

Next Release:

Date:
Period: Jul
What Does It Measure?
The Canada Wholesale Sales MoM Preliminary report measures the monthly change in the total value of wholesale sales within Canada. It primarily focuses on assessing changes in the volume of goods sold, reflecting trends in consumer demand and business inventory levels.
Frequency
This report is released monthly as a preliminary estimate, typically published around the 17th of the month following the reporting period.
Why Do Traders Care?
Traders monitor the Wholesale Sales MoM Preliminary data as it provides insights into consumer spending trends, which can affect the performance of the Canadian dollar (CAD), equities, and overall economic sentiment. A higher-than-expected result generally signals strength in the economy, positively impacting the CAD and stock market, while weaker results may indicate a slowdown, triggering bearish sentiment.
What Is It Derived From?
The data is derived from a large sample survey of wholesale businesses across Canada, where firms report monthly sales figures regarding their transactions. Methodologies typically involve summing the sales values from various sectors, creating a diffusion index to assess market conditions accurately.
Description
The preliminary report captures the early estimates of wholesale sales and is based on data collected during the previous month. It serves as an early indicator of future retail activity and economic trends, offering valuable insights into potential shifts in economic performance.
Additional Notes
This indicator is considered a leading economic measure, as changes in wholesale sales can forecast retail sales trends and broader economic performance. It can also be compared with other related indicators such as retail sales and consumer price indices to gauge overall consumer demand dynamics.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for CAD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
0.7%
-0.2%
0.1%
0.9%
-0.4%
-0.5%
-2.3%
0.1%
-0.9%
0.1%
0.2%
-1%
-0.3%
0.6%
0.3%
-0.9%
0.4%
-0.2%
1.2%
0.6%
1.8%
-0.3%
-0.2%
2.1%
0.1%
0.5%
-0.2%
-0.4%
-0.7%
0.4%
1%
-1.1%
0.5%
0.9%
0.8%
-0.4%
0.9%
0.4%
-0.6%
0.5%
-1.1%
0.2%
0.4%
-1.3%
-1.1%
-0.6%
-0.6%
-0.1%
-0.8%
-0.5%
-0.9%
0.8%
2.4%
-1.7%
2.8%
0.1%
-1.1%
2.7%
-1.3%
0.1%
0%
-1.4%
0.8%
0.2%
0.1%
0.6%
-0.6%
0.1%
0.3%
-0.7%
0.8%
0.3%
0.9%
0.5%
0.8%
-0.5%
-1.1%
0%
0.4%
-1.1%
0%
-0.5%
2.3%
0.5%
 
-0.2%
0.2%
1.4%
-0.8%
-2.8%
2.2%
-4.4%
-1%
3.5%
-3.4%
3.5%
0.5%
-1.4%
3%
1.6%
-0.4%
-0.1%
2%
-0.4%
0.3%
-1.7%
-0.7%
-1.6%
-0.5%
2.4%
-1.1%
3%
-0.2%
-0.8%
3.2%
-1.8%
0.1%
0.5%
-1.9%
1.9%
2.1%
1.3%
0.4%
0.1%
0.9%
-0.2%
0.2%
1.4%
-0.4%
0.8%
-0.4%
-0.6%
1.2%
-0.6%
0.3%
0.1%
-0.9%
0.5%
1.6%
2%
-0.1%
-0.5%
2.1%
0.2%
0.4%
0.3%
-0.2%
-0.3%
-0.1%
-0.4%
-0.2%
0.9%
2%
4.2%
-1.1%
3.9%
0.3%
0.6%
3.6%
0%
3.5%
2.7%
1.4%
1.4%
0.7%
1%
0.7%
1.1%
0.2%
0.3%
0.9%
0.5%
-2.1%
-2%
-0.2%
-0.8%
-1.8%
1.1%
-1.1%
0.4%
2.2%
-0.8%
2.1%
2.8%
-2.9%
0.9%
-0.7%