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Canada Wholesale Sales Up 0.3% in July

Wall Street Journal US Business •
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Wholesale sales rose 0.3% from the month before to a seasonally adjusted 93.09 billion Canadian dollars, the equivalent of US$66.96 billion, Statistics Canada said. The increase reflects modest growth in Canada's wholesale trade sector during July. Data was released by Statistics Canada, the nation's official statistical agency.

The figure represents seasonally adjusted values, accounting for regular monthly fluctuations. This marks a slight uptick compared to June's revised numbers. Analysts note the rise aligns with broader trends in North American trade activity.

The Canadian dollar conversion provides context for international market comparisons. No major revisions to prior months were indicated in the report. The data contributes to assessments of domestic economic momentum.

Wholesale trade remains a key indicator of business-to-business demand. Continued monitoring will assess sustainability of this growth.