Statistics Canada reports wholesale sales rose 1.7 per cent in April

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Statistics Canada says wholesale sales increased 1.7 per cent to $65.3 billion in April, boosted by the motor vehicle and motor vehicle parts and accessories subsector.

The result topped the 0.2 per cent gain that had been expected on average by economists, according to Thomson Reuters Eikon.

Wholesale sales in the motor vehicle and motor vehicle parts and accessories subsector rose 3.2 per cent to $11.8 billion, the highest level since November 2017.Wholesale sales rose 1.6 per cent in volume terms.

Source: Car News Wire (carnewswire.net)

 

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