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- CAN
Main Indicator: Wholesale Sales
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| -1.8% | -0.5% | 1.1% | 1.5% | ||
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For October
From the Release: "Wholesale sales fell 1.8% to $45.3 billion in current dollars in October, following a 1.1% increase in September. Declines in the recycled metals industry and the automotive sector were the main contributors. In terms of the volume of sales, which take price fluctuations into account, wholesale sales were down 3.6%. This was due in part to the impact of the depreciation of the Canadian dollar on import prices. In addition, export demand for Canadian goods, a significant part of which flows through wholesale markets, was down. Canadian wholesalers sell to both the domestic and international markets, and are active importers and exporters."
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Table of Past Data
| 3/19 | 4/18 | 5/20 | 6/19 | 7/18 | 8/19 | 9/18 | 10/20 | 11/20 | 12/17 | ||
| Actual | 2.6% | -1.8% | 0.6% | 1.4% | 1.6% | 2.0% | 2.3% | -1.5% | 1.5% | -1.8% | |
| Forecast | 1.0% | 0.4% | 0.2% | 0.8% | 0.5% | 0.5% | 0.6% | -0.8% | -0.5% | -0.5% | |
| Previous | -2.6% | 2.6% | -1.8% | 0.7% | 1.4% | 1.5% | 2.0% | 2.7% | -1.5% | 1.1% | |
| Revised From | -2.9% | N/A | N/A | 0.6% | N/A | 1.6% | N/A | 2.3% | N/A | 1.5% | |
Past Releases
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Actual | Forecast | Previous | Revised Form | |
| 1.5% | -0.5% | -1.5% | N/A | ||
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For September
From the Release: "Wholesale sales increased 1.5% to $46.3 billion in current dollars in September. A partial recovery in the automotive sector, which posted a large decline in August, was a significant factor behind the increase in September. After removing the impact of price changes, sales in volume terms rose 1.0%. September's increase in wholesale sales was the seventh in nine months, and follows a period of little or no growth that began in the spring of 2007. Sales of automotive products rose 6.0% in September to $7.4 billion, erasing almost half of the decline posted in August. The increase was the result of a large jump in sales of motor vehicle parts and accessories (+10.5%), as well as a rise (+4.7%) in the motor vehicles trade group. Despite the increase in September, the automotive sector was the only one to register lower sales on a year-over-year basis. Excluding the automotive sector, wholesale sales rose by 0.6% in September. The machinery and electronic equipment sector came in second in terms of growth, up 1.4%. This was largely due to higher sales in the machinery and equipment trade group." |
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Actual | Forecast | Previous | Revised Form | |
| -1.5% | -0.8% | 2.7% | 2.3% | ||
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For August
Provided by: StatCan Official Release: News Release |
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Actual | Forecast | Previous | Revised Form | |
| 2.3% | 0.6% | 2.0% | N/A | ||
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For July
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Actual | Forecast | Previous | Revised Form | |
| 2.0% | 0.5% | 1.5% | 1.6% | ||
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For June
June was a strong month for the automotive products sector, which saw a 10.6% gain to C$7.8B, the largest increase for the sector since August 2005. This came following 6 months, in which 5 saw declines. Motor vehicle sales rose 11.9% to lead the way in the sector.Wholesale inventories are also piling up, a sign of anticipation of growing demand.
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Actual | Forecast | Previous | Revised Form | |
| 1.6% | 0.5% | 1.4% | N/A | ||
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For April
From the Release: "The value and volume of wholesale trade rose in May, due in large part to higher global demand for agricultural chemical products. Current dollar wholesale trade rose 1.6% to $44.2 billion in May, the fourth gain in the last five months. When removing the effect of price changes, sales in constant dollars increased by 0.7% in May. Overall, six of seven wholesale sectors reported higher sales values, with the only decline coming from the automotive sector. Both motor vehicles and motor vehicle parts and accessories fell. Since February 2008, the trend in current dollar wholesale trade has been slightly upwards. This follows a period, from July 2007 to February 2008, where sales had been trending gradually down, largely as a result of a slowdown in exports of motor vehicles and lumber. The "other products" sector, which consists primarily of agricultural fertilizers and supplies, chemicals, recycled materials and paper products, recorded its strongest gain this year as current dollar sales rose 9.5% to $6.4 billion in May. Sales of agricultural chemicals such as fertilizers were particularly strong, reflecting strong global demand for these products."
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Actual | Forecast | Previous | Revised Form | |
| 1.4% | 0.8% | 0.7% | 0.6% | ||
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for April
Provided by StatCan |
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Actual | Forecast | Previous | Revised Form | |
| 0.6% | 0.2% | -1.8% | N/A | ||
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For March
Provided by: StatCan March's Release: News Release After a month of deep decline, wholesale trade rose 0.6%, as building materials(2.1%) and machinery and electronic equipments(1.7%) pushed up sales. Auto sector declines have been a main contributor. For March, the sector rose 0.5%. The gains were somewhat offset by a 1.1% decline in the personal and household goods sector. For the quarter however, wholesale sales still shrank 0.8%. From the release: Sales increased by an estimated 0.6% to $42.7 billion, recouping some of the 2.1% decline reported in February. |
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Actual | Forecast | Previous | Revised Form | |
| -1.8% | 0.4% | 2.6% | N/A | ||
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For February
The Canadian Dollar retested yesterday's low (1.0144) against the Dollar in early NY trading after wholesales data disappointed on the downside. However, after about an hour the pair had pared those losses and was moving in favor of the Loonie.
From the Release: "After starting the year on a positive note, wholesale sales reversed course in February as declines in a number of sectors erased all of January's gains. Sales by Canadian wholesalers fell 1.8% in February to $42.6 billion. Most sectors reported lower sales during the month, with the largest decline (-4.0%) coming in the automotive sector. There were also notable drops in the "other products" (-3.4%) sector, which includes wholesalers of agricultural chemicals, recycled materials, paper products and non-agricultural products, as well as the personal and household goods (-2.4%) and building materials (-2.2%) sectors. The only two bright spots were the food, beverage and tobacco products sector (+0.7%), which was buoyed by a turnaround in alcohol and tobacco sales, and the farm products sector (+4.3%), which recovered from a weak start to the year. Wholesale sales have been trending gradually downwards since July 2007, largely as a result of a significant decline in the automotive sector. Prior to this, sales had undergone a period of sustained growth that began in July 2003." |
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Actual | Forecast | Previous | Revised Form | |
| 2.6% | 1.0% | -2.6% | -2.9% | ||
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For January
Despite the better than expected fundamental news, the USD/CAD way moving in favor of the Dollar today, as oil prices were down. The Canadian Dollar, being a net exporter of oil, is correlated strongly with oil prices. The pair was moving back towards parity as of 11 AM EST from a session low below .9900.
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