Canada Wholesale Sales Fall 1.6% in August, Slightly Worse Than Expected

Canadian wholesale sales declined 1.6% month over month in August, slightly weaker than the 1.5% contraction expected by economists.
The drop also marked a reversal from the previous month’s 0.4% increase, pointing to softer activity in the wholesale sector.

The result suggests some loss of momentum in goods distribution and business demand heading into the end of the third quarter.