Canada July wholesale sales up 0.3% month-on-month, slowing from 2.8%

The headline number matters less than the momentum shift: July's gain is positive but a fraction of June's, suggesting the earlier advance was not the start of a sustained acceleration. Wholesale sales feed directly into GDP calculations, so this deceleration is a signal worth tracking for anyone watching broader Canadian demand. Whether the slowdown reflects a one-month payback after June's outsized move or a genuine cooling in underlying activity is the open question.