Canadian wholesale volume rises in May

Source: Statistics Canada
Sales grew by 2.2% to $52.6 billion in May, which is a second increase in a row. The gains were led by the motor vehicle subsector that expanded 9.3% to $9.3 billion. At the same time, the sales in tobacco, beverage and food subsector went up by 1.9% to $10.3 billion, making it the 8th positive score within the last 12 months. And even though the inventories climbed 0.2% to $65.2 billion, the inventory-to-sales ratio declined to 1.24 from the previous reading of 1.27.
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Fri, 18 Jul 2014 16:17:07 GMT

Canadian CPI inched up 2.4%

June provided a 2.4% increase, following a 2.3% rise in May. Prices surged in all main components over the whole year. Respectively, shelter costs jumped 2.9%, electricity prices added 4.2%, food prices +2.9%, transportation index +2.2% and gasoline advanced 5.4%, clothing and footwear +1.6%, whereas the index for alcohol and tobacco advanced 4.1% during 12 months to June.

Fri, 18 Jul 2014 13:07:13 GMT

U.K. currency is expected to appreciate against Euro

Trading patterns point at a possibility of the Pound strengthening against the 18-nation currency and predict around a 2% increase to 77.55 pence per Euro. The Sterling has risen 5% against the common currency this year so far and could potentially show strongest annual growth since 2009. Economists project more than 1% appreciation against the Euro until the end of the fiscal year. 

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