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Canadian wholesale sales rise 0.5% in August

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Investing.com - " Canadian wholesale sales rose less-than-expected in August, official data showed on Monday.

In a report, Statistics Canada said wholesale sales increased by a seasonally adjusted 0.5% in August, compared to expectations for a 0.7% gain.

Wholesale sales for July were revised up to a 1.7% increase from a previously reported gain of 1.5%.

The motor vehicle industry was the largest contributor to the gain in August.

Following the release of the data, the Canadian dollar remained little changed against its U.S. counterpart, with USD/CAD adding 0.02% to hit 1.0294.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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