Statistics Canada says wholesale sales fell 0.2 per cent to $58.9 billion in February, led by lower sales in the personal and household goods and the food, beverage and tobacco subsectors.
The move lower followed four consecutive monthly increases.
Economists had expected a drop of 1.0 per cent for the month, according to Thomson Reuters.
(Sponsored)
How The Ottawa Hospital uses AI tools to boost health outcomes and streamline clinical efficiency
Dr. Douglas Manuel says it all began with the Ottawa Ankle Rules algorithm, a set of clinical guidelines developed in the early 1990s by The Ottawa Hospital’s Dr. Ian Stiell
For centuries, some of the world’s most accomplished and wealthy families have managed their fortunes through what’s known as a customized, holistic, multi-generational “family office” approach. Quietly and successfully, from
Sales fell in four of seven subsectors in February, accounting for 54 per cent of total wholesale sales.
The personal and household goods subsector posted the largest decline in dollar terms in February as it fell 1.7 per cent to $8.3 billion. The food, beverage and tobacco subsector dropped 1.0 per cent to $11.0 billion, led by the food industry.
In volume terms, wholesale sales decreased 0.4 per cent.
