Wholesale sales down 0.5 per cent in April
OTTAWA — Statistics Canada says wholesale sales fell 0.5 per cent in April to $79.8 billion as the miscellaneous goods and the building materials and supplies sub-sectors posted the largest declines.
The agency says sales fell in five of seven sub-sectors comprising more than three-quarters of total wholesale activity in Canada.
The miscellaneous sub-sector fell 3.4 per cent to $11.5 billion as the agricultural supplies industry dropped 13.6 per cent to $3.3 billion driven by lower imports of fertilizer from Russia.
The building material and supplies sub-sector dropped 1.4 per cent to $14.0 billion in April as the lumber, millwork, hardware and other building supplies group fell 3.8 per cent to $7.5 billion.
Sales in the machinery, equipment and supplies sub-sector rose 1.8 per cent in April to $16.5 billion.
Overall sales in constant dollars fell 0.6 per cent in April.