Canada March wholesale trade data
- Prior was -0.8% (revised to -0.4%)
- Inventories -0.1% vs -1.0% prior
- Ex-autos +0.2% vs -0.1% prior
Sectors:
- Farm +4.6%
- Food -1.4%
- Personal/household +0.6%
- Motor vehicles +5.0%
- Building +3.4%
- Machinery/equipment -0.5%
- Misc -0.6%
The implied odds of a BOC hike on May 30 are sitting at 26%. The number is solid but a build in auto inventories and strong auto sales lately have been skewing Canadian data higher. Economists think that will soon reverse.
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