Canada's wholesale sales soared by 1.5% in April

Note: This section contains information in English only.
Source: Forexpros
Wholesale sales in Canada increased more than expected in April, rising for the third month in a row, reported Statistics Canada. Wholesale sales surged by 1.5% in April as compared to a 1% jump expected. The country's wholesale sales amounted 49.3 billion Canadian Dollars mostly due to a 12.8% increase in miscellaneous sector. After the data release, the Canadian Dollar appreciated against its US peer by 0.28%, with USD/CAD trading at 1.0212.

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