Skip to main content

Statistics Canada says wholesale sales climbed 0.6 per cent to $64.1-billion in June after a drop of 1.9 per cent in May.

Economists had expected an increase of 0.3 per cent for June, according to the financial markets data firm Refinitiv.

Sales were up in four of seven subsectors, representing 54 per cent of total wholesale sales.

The miscellaneous subsector posted the largest increase in June in dollar terms as it rose 3.5 per cent to $8.2-billion.

Sales in the machinery, equipment and supplies subsector rose 1.5 per cent to $13.9-billion, while the food, beverage and tobacco subsector increased 1.3 per cent to $12.1-billion.

Wholesale sales increased 0.6 per cent in volume terms.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Report an error