FXstreet.com (Barcelona) - Wholesale sales have increased in November in Canada although less than expected as the increase posted by the automotive sector has been offset by declines in other sectors, as stated by the latest report by National Statstics.
November's increase has been the 0.3% from October, which means $43.9 billion. November's increase follows a similar 0.4% increase in October, but falls short of the analysts' expectations of a 0.5% increase.
The biggest contributor for November's augment has been the 4.7% increase on automotive sales, which has been offset by generalised declines in other sectors, as excluding automobiles, sales of all other products have fallen 0.6%. The largest losses have been posted by the sector other products with a 2.0% drop on the month, and building materials, which have declined 1.6%.