Canadian Wholesale Sales below Expectations in June

Canadian wholesale sales declined by 0.8% on an annual basis in June to CAD 71.5 billion, but 2.1% for the month, below market expectations of a 2.5% increase, according to data by Statistics Canada on Monday.

The wholesale sales of building materials and supplies dropped by 5.4%, while sales of machinery, equipment, and supply fell by 3.5%.