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Canada: Wholesale sales rose 1.5% to $62.4 billion in July

"Wholesale sales rose 1.5% to $62.4 billion in July, following a 0.6% decline in June," the Statistics Canada announced on Thursday.

Key quotes:

  • Sales were up in five of the seven subsectors, representing 86% of total wholesale sales.
  • The building material and supplies and the food, beverage and tobacco subsectors contributed the most to the advance.
  • In volume terms, wholesale sales were up 2.1%.
  • Wholesale inventories increased for the fourth consecutive month, up 0.7% to a record $80.8 billion in July.
  • Inventories were up in five of seven subsectors, representing 83% of total wholesale inventories.

Election polls are affecting the NZD - Westpac

Although NZD/USD has enjoyed a 2 cent rally in September, it remains below fair value estimates, suggests Imre Speizer, Research Analyst at Westpac.
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EUR/USD flirting with session highs post-US data

The upbeat tone around EUR/USD stays unchanged following today’s releases in the US docket, currently challenging daily highs near 1.1920. EUR/USD su
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