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August Wholesale Sales -1.2%, vs MNI....>

CANADA DATA
CANADA DATA: August Wholesale Sales -1.2%, vs MNI Median +0.4% 
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- August wholesale sales declined for the first time in 3 months.
- Sales decreased in 5/7 subsectors representing 85% of wholesales.
- In volume terms, wholesale -1.3% MoM. 
- Machinery & equipment (-2.6%), personal/household goods (-3.4%) and 
motor vehicles (-1.2%) contributed the most to the August decline. 
- Wholesale inventory -0.3% following 11 consecutive gains. 
- Inventory-to-sales rose from 1.44 to 1.45; matches the 
highest on record since 1995. 
- July sales revised down to 1.4% from +1.7%. 

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