June Canada wholesale trade sales -0.5% vs -0.5% expected

Wholesale data from Statistics Canada
– Prior was +0.9% (revised to +1.0%)
– Sales at $61.4 billion
– First decline after 8 monthly increases
– Declines in 5 of 7 subsectors
There was a wide berth on what was ‘expected’ with the Bloomberg survey at -0.5% and Reuters at -0.2%.

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