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Canada Wholesale Sales Decline in February

Canada Goose Inc. factory in Toronto. Canadian wholesale sales fell short of expectations in February,...

OTTAWA—Canadian wholesale sales fell short of expectations in February, recording the biggest monthly drop in more than a year amid sharp declines in the machinery and auto sectors.

Wholesale trade fell 2.2% from January to a seasonally adjusted 55.77 billion Canadian dollars ($44.05 billion), Statistics Canada said Wednesday. Expectations were for a 0.4% decline, according to economists at Royal Bank of Canada.

Wholesale sales fell 1.9% in volume terms, while inventories edged up 0.2% to C$73.16 billion.

January’s data were revised up slightly, to show an increase of 0.2% in wholesale sales. Statistics Canada had earlier estimated that wholesale sales were flat in January.

Wednesday’s wholesale sales report...


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