Wholesale sales up 0.3% in March: StatsCan

Higher motor vehicle sales to thank for gain.

OTTAWA – Statistics Canada (StatsCan) says wholesale sales grew 0.3% in March to $49.1 billion, mainly due to higher motor vehicle sales.

The agency says in volume terms, wholesale sales were up 0.1% in March.

In March, four of seven subsectors reported gains, accounting for about two-thirds of wholesale sales.

Sales in the motor vehicle and parts subsector rose 2% to $8.5 billion in March, its second consecutive increase.

Wholesale sales rose in Ontario, Saskatchewan and BC.

The gains, though, were offset by drops in the other provinces, including a 3.5% sales decline in Alberta.

©The Canadian Press