that wholesale sales fell to their lowest level since July 2013 as all seven subsectors recorded lower sales for the first time since November 2008.
"The more pronounced drop in these numbers, combined with the earlier released manufacturing and employment data for April, suggest that there's some downside risk to Statistics Canada's -11 per cent flash estimate of April GDP," CIBC senior economist Royce Mendes wrote in a note.April was the first full month to see physical distancing measures put in place by public health authorities across the country.
Source: Car News Wire (carnewswire.net)
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