Canadian wholesale sales down 1.7% to $85.6-billion in February after hitting record high

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A drop in motor vehicle and motor vehicle parts and accessories and the food, beverage and tobacco subsectors helped lead the way lower

Statistics Canada says wholesale sales fell 1.7 per cent to $85.6-billion in February after hitting a record high in January.

The agency says wholesale sales were down in five of the seven subsectors it tracks as a drop in motor vehicle and motor vehicle parts and accessories and the food, beverage and tobacco subsectors helped lead the way lower. Motor vehicle and motor vehicle parts and accessories fell 5.5 per cent to $12.4-billion in February as motor vehicles sales dropped 6.2 per cent.The machinery, equipment and supplies subsector rose 1.5 per cent to $18.2-billion in February.

 

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