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USD/CAD: Trading the Canadian Wholesales Sales
Canadian Wholesale Sales is an important gauge of consumer spending, which is a critical component of economic growth. A reading which is higher than expected is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Wednesday at 12:30 GMT. Indicator Background Wholesales Sales is a key event, and as such can have a significant impact on the movement of USD/CAD. Retailers order larger volumes from wholesalers when consumer demand is higher, so the indicator helps measure consumer spending. Canadian Wholesales Sales tends to show some fluctuation, resulting in ... (full story)