Wholesale sales gained 0.2% in November: StatsCan

Motor vehicle and parts sales fell 5.8% to $10.5 billion.

January 23, 2017   by CP Staff

OTTAWA — Wholesale sales gained 0.2% in November to total $56.9 billion.

Statistics Canada says it was the second consecutive monthly increase.

However, economists had expected a gain of 0.5% for the month, according to Thomson Reuters.

Sales rose in four of the seven subsectors in November as the miscellaneous subsector posted the largest gain in dollar terms. The subsector gained 7.2% to $7.4 billion.

Sales in the motor vehicle and parts subsector fell 5.8% to $10.5 billion, the second decrease in eight months.

In volume terms, overall wholesale sales fell 0.1%.

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