Statistics Canada reports wholesale sales up 0.3% in February
Gains were led by the motor vehicle and motor vehicle parts and accessories subsector.
OTTAWA—Statistics Canada says wholesale sales posted their third consecutive monthly gain as they increased 0.3% to $63.7 billion in February.
Economists on average had expected a gain of 0.1% for the month, according to Thomson Reuters Eikon.
Statistics Canada says wholesale sales gains were led by the motor vehicle and motor vehicle parts and accessories subsector, which rose 9.5% to $11.6 billion.
Excluding the subsector, wholesale sales fell 1.5%. Only two of seven subsectors advanced.
The building material and supplies subsector fell 5.3% to $8.8 billion, while the machinery, equipment and supplies subsector dropped 1.3% to $13.1 billion in February.
Wholesale sales in volume terms increased 0.3%.News from © Canadian Press Enterprises Inc. 2016