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Canada wholesale sales rose 0.7% MoM in September vs. 0.5% expected; prior -1.6%.
Business & markets1 min read
Wholesale sales in Canada increased by 0.7% in September, surpassing expectations of a 0.5% rise.
What was reported
The prior month's sales had decreased by 1.6%.
The reported increase occurred on a month-over-month basis.
Why it matters
Wholesale sales reflect the total sales of goods by wholesalers in Canada and are an important indicator of economic activity. A rise in wholesale sales can indicate growing demand in the economy, although fluctuations may occur.
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Source & attribution
This article is presented by DailyMIQ. General educational context is DailyMIQ commentary.
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