Wholesale trade rise 0.7% in December for third monthly gain

Machinery, equipment and supplies among the biggest contributors.

OTTAWA — Canadian wholesale trade grew 0.7% to $57.3 billion in December, registering its third consecutive monthly gain.

Statistics Canada says sales in categories such as machinery, equipment and supplies, as well as building material and supplies were the biggest contributors to the increase.

In 2016, wholesale trade was up 3.1 per cent compared with 2015, marking a seventh straight annual increase.

The report says wholesale sales in December rose in six provinces – Quebec, Alberta, Saskatchewan, BC, Nova Scotia and Prince Edward Island.

Sales edged down 0.2% in Ontario.

The agency also says wholesale inventories rose by 1.1% in December for a fifth consecutive monthly increase.

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