Statistics Canada released wholesale sales figures on Friday. Wholesale sales fell 0.6% in October, missing expectations for a 0.1% gain, after a 0.3% decline in September. September's figure was revised down from a 0.1% decrease.

The decline was driven by lower sales in the food, beverage and tobacco and the motor vehicle and parts subsectors.

Sales in the food, beverage and tobacco subsector dropped 3.0% in October, while sales of motor vehicle and parts were down 2.1%.

Sales in the building material and supplies subsector declined 0.3% in October.

Inventories increased by 0.5% in October.