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Canadian wholesale sales rise 0.6% in June

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Investing.com -

Investing.com - Canadian wholesale sales rose less than expected in June, official data showed on Wednesday.

In a report, Statistics Canada said wholesale sales increased by a seasonally adjusted 0.6% in June, below forecasts for a 1.3% gain.

Wholesale sales for May was revised up to a 2.3% increase from a previously reported gain of 2.2%.

Gains in five subsectors, which together represented 69% of wholesale sales, more than offset a decline in the motor vehicle and parts subsector.

Following the release of the data, the Canadian dollar was little changed against its U.S. counterpart, with USD/CAD easing up 0.02% to hit 1.0944.

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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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