FXstreet.com (Barcelona) - Wholesale trade has decreased in Canada in November, for the third time in the last four months, with weaker sales in four of the seven sectors, according to data released by Statistics Canada.
Canadian wholesalers have seen their sales decline 1.6% to C$44.4 billion in November, in terms of volume, wholesale trade has dropped 3.0% in November.
Sales have declined in both domestic and international markets, sales have been affected by weaker domestic consumption and lower export demand at the same time.
By sectors, the largest decline has been posted in other products sector; 6.0% down in November, falling to its lowest level since March. Sales in the automotive sector dropped 2.2% in November following a 2.3% decline in October. Sales in machinery and electronic equipment fell 1.6%.