The 'Wholesale Sales MoM Prel' in Canada is a preliminary monthly indicator that measures the change in the total value of sales at the wholesale level. It is significant because it provides insights into the supply chain and consumer demand, influencing GDP calculations and economic health assessments. Financial markets closely watch this data as it can signal economic trends and impact monetary policy decisions. In Canada, strong wholesale sales growth may indicate robust economic activity, potentially affecting the Canadian dollar and stock markets.
The 'Wholesale Sales MoM Prel' in Canada is a preliminary monthly indicator that measures the change in the total value of sales at the wholesale level. It is significant because it provides insights into the supply chain and consumer demand, influencing GDP calculations and economic health asses...