Wholesale trade climbs 1.4% to $64.1B in March, beats expectations
By CP STAFF
Economy Canada manufacturing Statistics Canada wholesale tradeGrowth came as sales gained in six of the seven subsectors.
OTTAWA—Statistics Canada says wholesale sales rose 1.4% to $64.1 billion in March.
Economists had expected an increase of 0.9%, according to Thomson Reuters Eikon.
The growth came as sales gained in six of the seven subsectors, accounting for 82% of total wholesale sales.
The building material and supplies subsector climbed 4.5% to $9.0 billion in March, while the machinery, equipment and supplies subsector rose 2.9% to $13.5 billion.
The motor vehicle and motor vehicle parts and accessories subsector was the lone group to fall as it decreased 2.0% to $11.3 billion. Excluding the subsector, wholesale sales were up 2.2% in March.
Wholesale sales in volume terms rose 1.0% in March.
