Canada Wholesale Sales Seen Falling in November 📉
Wholesale sales in Canada declined by 0.7% in November 2024, following a 1% increase in October, primarily due to lower sales in the motor vehicle and motor vehicle parts and accessories subsector.
The decline in wholesale sales in Canada, particularly in the motor vehicle and related sectors, suggests a potential slowdown in economic activity and consumer demand. This could have a moderate negative impact on the investment portfolio, as it may affect the performance of sectors and companies related to the automotive industry, such as the S&P 500, European market, and some individual stocks like Apple and Microsoft.