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Image Credit: Baystreet

Housing, Car Sales Due Next Week in Canada

  • Next week in Canada, the economic calendar includes the release of data on Wholesale Trade, New Motor Vehicle Sales, Monthly Survey of Manufacturing, Housing Starts, and Consumer Price Index.
  • Wholesale sales in Canada decreased by 2.3% to $84.0 billion in April, excluding certain products like petroleum and oilseed.
  • In May, there were 195,659 new motor vehicles sold in Canada, showing an 11.3% increase from the previous year, with record sales in dollar terms.
  • Other highlights include a decline in manufacturing sales, a flat trend in housing starts, and a 1.7% year-over-year increase in the Consumer Price Index in May.

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