FX & CFD trading involves significant risk
Statistics Canada released wholesale sales figures on Wednesday. Wholesale sales dropped 3.1% in January, missing expectations for a 2.1% gain, after a 2.8% rise in December. It was the largest monthly decline since January 2009.
December's figure was revised up from a 2.5% increase.
Sales declined in four of seven subsectors, driven by a in the sale of motor vehicles and parts. Sales of motor vehicles and parts plunged 11.3% in January.
Sales excluding the motor vehicle sector decreased 1.3% in January.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.