Wholesale sales dipped 1.4 per cent in December: StatsCan
OTTAWA - Statistics Canada says wholesale sales fell 1.4 per cent to $49.6 billion in December, the lowest level in six months.
It says five of seven wholesale subsectors, representing 79 per cent of sales, showed declines.
The machinery, equipment and supplies subsector recorded the largest decline in dollar terms in December, with a drop of 3.5 per cent.
This decline was attributed to a 13.2 per cent decrease in the computer and communications equipment and supplies industry.
The motor vehicle and parts subsector was off 4.0 per cent in December, more than offsetting a gain recorded in November.
Lower sales were recorded in four provinces, accounting for 84 per cent of wholesale sales.
Read more Business News
- Traffic stop payoutVernon / N. Okanagan - 12:17 pm
- Ross Gorman passes awayWest Kelowna - 3:01 pm
- Candidates' forumMunicipal Elections 2014 - 2:55 pm
- Officer charged with murderBC - 11:52 am
|QHR Technologies Inc||1.12||+0.01|
|Anavex Life Sciences||0.191||+0.001|
|Copper Mountain Mining||1.99||+0.05|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.45||0.00|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...