Canadian Wholesale Sales Declined By 0.8% In June

Motor vehicle and parts subsectors saw a 1.9% drop in sales.

Wholesale sales fell by 0.8% in June, a decline that was in large part due to the fall in sales in the motor vehicle and parts subsectors. Those sectors fell by 1.9%.

According to BNN Bloomberg, “The miscellaneous subsector fell 2.2 per cent to $8.2 billion on lower sales in the agricultural supplies industry. Overall, Statistics Canada says sales were down in five of the seven subsectors tracked, accounting for 71 per cent of total wholesale sales.”

Canada’s auto industry and auto parts manufacturers face serious potential trade threats, as our deteriorating relationship with the United States raises the possibility of U.S. tariffs on our auto sector, even as the U.S. and Mexico near a deal on those same issues.

Spencer Fernando

Photo – YouTube

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NancyW

It is becoming very confusing, with all the false news out there. I am giving up on picking up what pattern this is all following as just yesterday I read two articles 1) with our dollar falling and our stock markets still going down 2) the other article said our dollar was rising and the stock markets were going up. Then you read an article on how the banks with all the new mortgage rules that the banks will be loosing about half of the mortgages out there as people can’t get mortgages and house sales are going up again?… Read more »

Michele

I just have one question, when is Election Day?

Gonzo the Magnificient

Funny!