Canada: Wholesale sales edged down 0.2% to $58.9 billion in February

The latest data by Statistics Canada showed that the wholesale sales edged down 0.2% to $58.9 billion in February, following four consecutive monthly increases.

"Declines were recorded in four subsectors, led by lower sales in the personal and household goods and the food, beverage, and tobacco subsectors. In volume terms, wholesale sales decreased 0.4%. Wholesale inventories edged up 0.2% to $74.1 billion in February, the sixth gain in seven months."