Canada October wholesale sales +1.0% vs +0.5% expected

• Prior was +0.5%

Core wholesale sales (ex-petroleum/grain) up 1.0% to C$83.7B
• Volume terms: +0.4%
• Year-over-year: +1.7%

Highlights:

Motor vehicle sector leads gains: +3.2% to C$14.8B
• Building materials: +2.8% to C$12.0B
• Agricultural supplies drop: -9.8% to C$3.1B

Inventory Picture:

Total inventories unchanged at C$128.6B
• Inventory-to-sales ratio improved to 1.54 from 1.55
• Building materials inventories +1.5%

This article was written by Adam Button at www.forexlive.com.