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Statistics Canada says wholesale sales fall 2.2 per cent in February

OTTAWA – Statistics Canada says wholesale sales fell 2.2 per cent to $55.8 billion in February.

The federal agency says sales fell in five of the seven subsectors it measures, accounting for 66 per cent of total wholesale sales.

In volume terms, wholesale sales declined 1.9 per cent.

Statistics Canada says the machinery, equipment and supplies subsector posted the biggest drop in dollar terms for the month.

The sector fell 4.8 per cent to $11.0 billion, more than offsetting its 4.1 per cent gain in January.

The motor vehicle and parts subsector fell 3.5 per cent to $10.4 billion, the lowest level in three months.

Sales fell in nine provinces led by Ontario, which fell 1.2 per cent to $28.6 billion, and Saskatchewan, which dropped 12.8 per cent to $2.1 billion, its lowest level since August 2014.

Newfoundland and Labrador was the only province with higher sales in February as it gained 1.7 per cent to $349 million.