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Canadian wholesale sales rise

USDCAD News by Newsroom on 20:40 December 20, 2016 EST

Canadian wholesale sales rose by 1.1% for October, a stronger number than the expected increase of 0.4%. September’s data was revised though to show a decline of 1.5% from the original estimate of 1.2%.

Motor vehicle sales and parts sales rose robustly by 1.8% while the sales in the building material and supplies subsector gained 2.8 per cent Statistics Canada said on Tuesday.

Sales increased in five of the seven sub-sectors and there was a 3.9% annual increase with a 3.6% increase in real terms. Wholesale sales increased 0.9 per cent in volume terms.


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