Canada Wholesale Sales Expected to Decline Again in May âšī¸
Canada's wholesale sales are expected to decline by 0.4% in May 2025, continuing a downward trend from a 2.3% drop in April, primarily due to weakness in machinery, equipment, and supplies sales.
Persistent decline in wholesale sales signals potential economic contraction, indicating reduced business investment and potential supply chain challenges. The consecutive monthly drops suggest broader economic softness that could impact market sentiment and investment strategies.