Canadian wholesale better than expected

Canadian wholesale trade sales have grown 1.2% MoM in April, versus 0.5% expected and -0.4% in March, setting a record on gains in building material and machinery.

While as US current account deficit expanded to 111.2bn in Q1 versus 97.0bn expected. The Q4 deficit was revised higher to 87.3bn from 81.1bn.

USDCAD is now 1.0858 falling 12 points from 1.08700.