Increase in Canadian wholesale sales exceeds forecast

Note: This section contains information in English only.
Source: WBP Online
Canada's wholesale sales jumped from 0.4% gain in April to 2.3%, reaching $50.3 billion in May. It was the biggest advance since 2011. A report showed unexpected results as economists projected wholesale sales in Canada might climb only about 0.3% in May. The main drivers behind the increase was 19.6% growth in sales of agricultural supplies and 4.2% growth in food industry.
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Thu, 18 Jul 2013 13:47:06 GMT

Dollar higher following jobless claims; Bernanke 2nd day testimony expected

The U.S. Dollar inched up against the Euro, as the number of first-time unemployed benefit seekers declined moderately by 24,000, ahead of the second day of Ben Bernanke's testimony later today. The greenback advanced 0.30% to $1.3085 versus the common currency, after the jobless claims fell to 334,000, overshooting economists expectations of 360,000.

Thu, 18 Jul 2013 12:36:04 GMT

U.S. Dollar jumps ahead of jobs report

The U.S. Dollar appreciated ahead of a report that analysts say will provide signs of growth in the U.S. job market, fueling the case for the Federal Reserve Chairman Ben Bernanke to taper bond-buying programme. The greenback rose 0.5% to 100.05 against the Yen and jumped 0.1% to $1.3106 versus the 17-nation currency.

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