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.
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- The $12 Trillion "Once-in-a-Lifetime" Market Opportunity Investors Won't Want to Miss
- J.P. Morgan Says These 3 Stocks Could Surge Over 100% From Current Levels
- Forget Tesla's Battery Day, These EV Stories Are More Important
- ChargePoint, Switchback Energy Acquisition Enter Business Combination Agreement