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Canadian wholesale sales rise 0.2% in August

Published 10/20/2014, 08:33 AM
Updated 10/20/2014, 08:33 AM
Canadian wholesale sales rise in line with forecasts in August

Investing.com - Canadian wholesale sales rose broadly in line with market expectations in August, official data showed on Monday.

In a report, Statistics Canada said wholesale sales increased by a seasonally adjusted 0.2% in August, meeting forecasts.

Wholesale sales growth for July was revised to a decline of 0.2% from a previously reported drop of 0.3%.

Gains in three subsectors, in particular the machinery, equipment and supplies subsector, more than offset declines elsewhere.

USD/CAD was trading at 1.1253 from around 1.1257 ahead of the release of the data.

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