Wholesale sales inched up in June
The growth topped the 0.1 per cent increase for the month that had been expected by economists
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OTTAWA—Statistics Canada says wholesale sales gained 0.7 per cent in June to total $56.4 billion, the third consecutive month of gains.
The growth topped the 0.1 per cent increase for the month that had been expected by economists, according to Thomson Reuters.
Four of the seven subsectors tracked, representing 68 per cent of wholesale sales, recorded gains. Wholesale sales rose 0.6 per cent in volume terms.
The largest increase in dollar term was by the motor vehicle and parts subsector which gained 3.1 per cent to $11.2 billion.
Wholesale sales were up in four provinces in June, with gains in Ontario the biggest in dollar terms as it grew 0.8 per cent to $28.9 billion.
Other provinces making gains were Alberta, up 3.0 per cent to $6.2 billion; British Columbia, up 2.0 per cent to $5.7 billion; and Quebec, up 0.2 per cent to $10.4 billion.