Friday, April 18th11.6°C
19345
21135

Wholesale sales up 1.4 per cent in October: StatsCan

OTTAWA - Statistics Canada says wholesale sales rose 1.4 per cent to $50.5 billion in October following two months of weak growth.

October's growth was much stronger than expected, with analysts caliing for an increase of 0.3 per cent.

StatsCan says higher sales were reported in five of seven subsectors, representing over 70 per cent of wholesale sales.

It says the machinery, equipment and supplies subsector led the growth in October, rising 5.6 per cent to $11.2 billion.

This was the largest monthly growth for the subsector since September 2003.

Sales in the motor vehicle and parts subsector decreased 1.4 per cent in October after three consecutive monthly gains.

Higher sales were recorded in eight provinces, with Alberta, Quebec and Ontario responsible for most of the gains.

The Canadian Press


Read more Business News

20172


Recent Trending




Today's Market
S&P TSX14500.39+53.87
S&P CDNX998.770.80
DJIA16408.54-16.31
Nasdaq4095.516+9.291
S&P 5001864.85+2.54
CDN Dollar0.9073-0.0011
Gold1293.80-9.2999
Oil104.59+0.83
Lumber326.10-2.70
Natural Gas4.735+0.205

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.29+0.07
Cantex0.055+0.01
Anavex Life Sciences0.3750.00
Metalex Ventures0.08+0.005
Russel Metals30.66+0.11
Copper Mountain Mining2.35-0.07
Colorado Resources0.255-0.01
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.25+0.02

 
19691


21100

FEATURED Property
17380142035 boucherie rd # 17A
2 bedrooms 2 baths
$159,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Learning to flirt with the edge

With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...

_



21604

21368


Member of BC Press Council


21202