Canadian Wholesale Trade Fell Less Than Expected in February

Canadian wholesale trade declined less than expected in February after four consecutive months of increases, weighed by weakness in the household goods and food sectors, data from Statistics Canada showed on Monday.

The 0.2 percent decrease was not as steep as the 1.0 percent decline economists had forecast. January was revised down slightly to show a gain of 3.0 percent from the previously reported 3.3 percent.

Stripping out the effect of prices, volumes were down 0.4 percent. Overall, sales fell in four out of seven sectors, accounting for 54 percent of wholesale trade.

The personal and household goods sector led the way down with a 1.7 percent decline. Sales dropped in five out of six of the sector’s industries, including home entertainment equipment and household appliances.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza