Canada Distributor Sales Grew Slightly in 2Q
Canadian distributor sales fell for a second time in three months (-0.6 percent) in June, pulled down by lower sales in the automotive sector. Wholesalers sold $41.5 billion worth of goods and services.
Sales contracted in three of the seven sectors in June, accounting for approximately 49 percent of total sales. Decreases were registered in the automotive sector (-2.1 percent), the "other products" category (-2.3 percent) and the food, beverages and tobacco products sector (-0.8 percent). The sectors showing the largest gains were building materials (+0.6 percent) and farm products (+4.7 percent).
In constant dollars, wholesale sales declined 0.6 percent in June.
Sales for the quarter ending in June showed a lower growth rate than ...