Statistics
Canada informed on Wednesday that wholesale sales (excluding petroleum and
oilseed and grain) declined 0.2 per cent m-o-m to CAD83.75 billion in November
2024, following an unrevised 1.0 per cent m-o-m climb in October 2024. That marked the first monthly decrease in wholesale sales
in three months.
Economists had forecast
a 0.7 per cent m-o-m drop for November.
According to
the report, the November fall in wholesale sales reflected declines in sales of motor vehicle and motor vehicle parts and
accessories (-5.5 per cent m-o-m) and personal and household goods (-0.4 per
cent m-o-m) that more than offset advances in the remaining five other subsectors.
In y-o-y terms,
wholesale sales (excluding petroleum, petroleum products, and other
hydrocarbons and excluding oilseed and grain) increased 0.6 per cent in November.