Wholesale sales up in February
Wholesale sales up in February
Statistics Canada says wholesale sales rose 1.6 per cent in February to $48.5 billion, following a 1.1 per cent decline in January.
Most subsectors reported higher sales in February, four of which accounted for about 90 per cent of the national growth.
In volume terms, wholesale sales were up 2.2 per cent in February.
The largest increase in dollar terms came in the motor vehicles and parts subsector, where sales rose 2.7 per cent to $7.7 billion, largely due to higher motor vehicle sales.
Sales of machinery, equipment and supplies rose 1.7 per cent, continuing an upward trend that began at the start of 2010.
Sales were higher in all provinces except Quebec and Prince Edward Island, with Ontario reporting a 1.7 per cent increase to lead the country.
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