Wholesale sales in Canada increase more than expected

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Source: Forexpros

Canada's wholesale sales increased more than initially expected in October, according to official data. The sales added 0.9% in October as compared to 0.6% increase expected. The wholesale sales increased by 8.3% on annualized rate in October and totaled CAD49.2 billion for the month. Following the news, Canadian currency edged up against the USD and the pair USD/CAD lost 0.35% to 1.0345.

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Mon, 19 Dec 2011 18:51:31 GMT

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