Wholesales Sales

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Wholesale Sales indicator is released by the Statistics Canada and it shows the change in the total values of sales at the wholesales level. It is a leading indicator of consumer spending because retailers generally order more goods from wholesalers when they expect consumer sales to increase.

It is a second tier indicator, hence low volatility levels are expected.

The most important things to take into consideration when looking at the Wholesale Sales indicator are:

  • release date: monthly, about 50 days after the month ends;
  • release time: 12:30 GMT, during the North American Trading session;
  • actual > forecast = positive for currency;
  • actual < forecast = negative for currency.

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