Canada July wholesale trade sales +1.5% vs -0.7% expected

Canadian July wholesale sales data

• Prior was -0.5% (revised to -0.6%)
• Ex-vehicles +1.6%
• Volume terms +2.1%
• Sales +10.0% y/y
• Inventories +0.7%
• Inventories +10.6% y/y

Separately, Canadians receiving unemployment benefits rose 1.3% in July.