Canadian Wholesale Revenues Down Slightly in October
Release taken from Statistics Canada
Canadian wholesale sales edged down slightly in October, leading the industry to its first back-to-back monthly declines in two years. Lower sales of automotive products were responsible for most of October's decrease.
After falling 1.8% in September, wholesale sales slipped a further 0.2% in October to $41.6 billion. Most of the decline was caused by another significant drop in automotive sales (-3.2%), which have fallen continuously since hitting a peak in July. Small declines in sales were also registered by wholesalers of building materials, "other products" and food, beverage and tobacco products.
A more positive ...