Skip to main content

Economy Lumber exports help push wholesale sales above $60-billion for first time

Logs are unloaded at Murray Brothers Lumber Company woodlot in Madawaska, Ont. on Tuesday April 25, 2017.

Sean Kilpatrick/THE CANADIAN PRESS

Statistics Canada says wholesale sales were up 0.9 per cent in March, surpassing the $60-billion mark for the first time.

Total Canadian wholesale sales for that month reached $60.2-billion as strength in lumber exports offset declines in motor vehicles and heavy machinery.

The gains were led by the building material and supplies subsector, which set a record high $8.4-billion in March – up 3.9 per cent from February and up 10.6 per cent from March 2016.

Story continues below advertisement

In total, there were increases in four of the seven subsectors tracked by Statistics Canada accounting for 60 per cent of wholesale sales.

For the first quarter of this year, wholesale sales were up 3.6 per cent from the fourth quarter of last year – the highest quarterly change since the second quarter of 2008.

Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter