Canadian Manufacturing and Wholesale Sales Decline
Canadian manufacturing sales fell 1% in August, while wholesale receipts dropped 1.2%, due to the impact of US tariffs on key trade-exposed sectors.
The monthly losses were not as steep as expected by economists, who had projected declines of 1.5% and 1.3%, respectively.
- Lower sales of transportation equipment drove August’s manufacturing loss.
- Slumping receipts for motor vehicles and parts, as well as food and beverages, contributed to the declines among wholesalers.
Canadian manufacturing sales fell 1% in August, while wholesale receipts dropped 1.2%, underscoring the impact of U.S. tariffs on key trade-exposed sectors.
In volume terms, sales were down 1.
Author's summary: Canada's manufacturing and wholesale sales decline due to US tariffs.
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