Motor vehicle and parts subsector falls 1.4%.
Wholesale sales fell 0.1% in August.
Economists had predicted a flat rate.
According to BNN Bloomberg, “the building material and supplies subsector fell 2.3 per cent to $9.5 billion in August, while the motor vehicle and parts subsector fell 1.4 per cent to $10.8 billion.”
Sales went up 2.2% in the “machinery, equipment, and supplies subsector.”
The wholesale sales decline is the latest evidence that Canada’s economy is weakening.