Wholesale sales up 0.8% to $53.9 billion in March

Ontario accounts for most of the gain.

OTTAWA — Statistics Canada says wholesale sales rose 0.8% to $53.9 billion in March after two consecutive monthly declines.

Economists had expected a gain of 0.9%, according to Thomson Reuters.

Five of seven subsectors gained ground, accounting for 66% of total wholesale sales.

In volume terms, wholesale sales increased 1%.

The building material and supplies subsector posted the largest gain in dollar terms, rising 2.8% to $7.6 billion, while the food, beverage and tobacco subsector increased 1.2% to $10.7 billion.

Sales were up in three provinces with Ontario accounting for most of the gain.

© 2015 The Canadian Press

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