Canada: Wholesale sales to rise by 0.4% in May - TDS

Dhwani Mehta FXStreet

Analysts at TD Securities (TDS) offer a quick glance on what to expect from Monday’s Canadian Wholesale Sales report, dropping in at 1230 GMT.

Key Quotes:

“CAD We look for wholesale sales to rise by 0.4% in May following consecutive >1% gains in March/April, helped by a large increase in manufacturing shipments and strong imports.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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