Canada February wholesale trade +0.3% vs +0.4% expected ...Middle East

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Canada February wholesale trade +0.3% vs +0.4% expected
Prior was +1.2%Sales increased in two of the seven subsectorsInventories +2.2% with all seven subsectors upInventory-to-sales ratio 1.50 vs 1.53 prior

The largest increase came from the machinery, equipment and supplies subsector (+7.1%). The motor vehicle and motor vehicle parts and accessories subsector (-3.1% to $14.3 billion) posted the largest decrease.

Companies are likely stockpiling ahead of tariff fears and we will see more of that in March.

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

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