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 Westboro’s female entrepreneurs are making it an attractive destination to live, work and play
When fitness guru Amber Stratton opened the first Pure Yoga studio in Ottawa in 2012, Westboro was her first choice. “The space we found was a really good starting point
Local businesses face hiring obstacles due to immigration pullback, flawed screening
In his 39 years of practicing immigration law, Warren Creates (a rare Law Society Certified Specialist) has never seen an environment so challenging for employers looking to hire workers 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.
