Statistics Canada reports wholesale sales up 1.0% in September
Wholesale trade was boosted by gains in the machinery, equipment and supplies subsector
OTTAWA – Statistics Canada says wholesale trade rose 1.0% to $65.1 billion in September, boosted by gains in the machinery, equipment and supplies subsector.
The move higher reversed a drop of 1.2% in August.
Economists on average had expected an increase of 0.3%, according to financial markets data firm Refinitiv.
Statistics Canada says the machinery, equipment and supplies subsector reported the largest increase in dollar terms in September as sales rose 4.4% to $13.9 billion.
Sales in the personal and household goods subsector rose 1.0% to $9.6 billion in September.
Wholesale sales increased 0.9% in volume terms.