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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Wholesale Sales YoY fell to 0.8% in March 2013
FMPMonthlyReleased April 2013
Canada Wholesale Sales YoY fell to 0.8% in March 2013, released April 2013, down 1.8% from February's 2.6% reading.
Latest Release
0.800000
Actual
—
Consensus
2.600000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wholesale Sales YoY (Canada) was reported at 0.8% in April 2013. The reading fell from the previous value of 2.6%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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Wholesale Sales YoY - CA
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About Wholesale Sales YoY — Canada
DEFINITION
Wholesale Sales YoY is a financial indicator that measures the year-over-year change in the total sales of goods and services by wholesalers. It provides valuable insights into the overall health and performance of the wholesale sector, which is a key component of the supply chain. This indicator is closely monitored by investors, economists, and policymakers as it can reflect changes in consumer demand, production levels, and economic growth. A positive YoY growth in wholesale sales indicates a strong and growing economy, while a negative growth may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual 0.8 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.
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