• Canadian Dollar gave a mixed performance, easing against the Greenback.
• Canada reported a potential contraction in wholesale trade in May.
• Fedspeak to continue dominating headlines until high impact data late in the week.

The Canadian Dollar (CAD) is mixed on Wednesday, giving a mediocre performance and settling lower against the US Dollar as Fedspeak continues to weigh on investor focus. Markets await a slew of key economic figures due in the back half of the trading week. 

US Durable Goods Orders, Initial Jobless Claims, and US Gross Domestic Product (GDP) figures all slated for Thursday. Friday will follow up with Canadian MoM GDP and US Personal Consumption Expenditure Price Index (PCE) inflation for the month of May.

Statistics Canada (Statscan) warned of a contraction in wholesale trade activities in May, which follows a moderate increase in April’s figures. The Statscan flash estimate is a preview of the final figure that will be published on July 15.