Canada July wholesale trade drops 0.6 percent
Statistics Canada reports that Canadian wholesale trade likely declined 0.6 percent in July. The decrease was driven by lower sales in agricultural supplies and minerals. This flash estimate reflects lower activity across key industrial subsectors.
Canada's wholesale trade fell 0.6% in July from June on lower sales in agricultural supplies and mineral groups. Statistics Canada reported the flash estimate Tuesday based on a weighted response rate of 65.4%. The preliminary data points to a cooling in domestic commercial transactions across the miscellaneous subsector.
