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Canada: Wholesale Sales rise 1.4% in October

FXstreet.com (Córdoba) - Canadian Wholesale Sales rose 1.4% on a monthly basis during October, Statistics Canada reported.

This increase came in almost 5 times above market expectations of a 0.3% rise and above the 0.2% advance printed in September.

Ecofin strikes deal on common backstop for failing banks

EU finance ministers have agreed on Wednesday to set up a common backstop for financing the winding-down of failing banks, which is an important step on the path to the creation a banking union in the area.
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