Friday, May 22nd23.3°C
26412

Wholesale sales increased 2.2 per cent to $52.6B in May: Statistics Canada

OTTAWA - Statistics Canada says wholesale sales rose 2.2 per cent to $52.6 billion in May, a second consecutive monthly increase.

Economists had expected a gain of 0.6 per cent, according to Thomson Reuters.

Statistics Canada says higher sales were recorded in four subsectors, which together represent 72 per cent of wholesale sales, but the motor vehicle and parts subsector accounted for most of the increase.

That subsector rose 9.8 per cent to $9.3 billion, driven mainly by sales of motor vehicles, which were up 13.2 per cent. It was the third gain in four months for the motor vehicle industry and its largest monthly increase since November 2009.

The farm product subsector declined 5.0 per cent to $700 million after five consecutive monthly gains.

Sales increased in six provinces in May, with Ontario accounting for most of the gain.

The Canadian Press


Read more Business News

26416


Recent Trending




Today's Market
S&P TSX15202.36-1.25
S&P CDNX701.07+0.56
DJIA18268.59-17.15
Nasdaq5097.58+6.79
S&P 5002130.21-0.61
CDN Dollar0.8129-0.0065
Gold1205.70+1.30
Oil57.45-1.98
Lumber273.30+3.70
Natural Gas2.891-0.058

 
Okanagan Companies
Pacific Safety0.14+0.00
Knighthawk0.010.00
QHR Technologies Inc1.46+0.01
Cantex0.03-0.01
Anavex Life Sciences0.397+0.025
Metalex Ventures0.09+0.01
Russel Metals25.76-0.06
Copper Mountain Mining1.37-0.04
Colorado Resources0.105+0.005
ReliaBrand Inc0.0048-0.0049
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation2.20+0.60

 



24947

FEATURED Property
22164581105 3168 Via Centrale Road
2 bedrooms 2 baths
$249,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...


Squaring the circle

Photo: Thinkstock.comI have been reading about market segmentation and choice. Howard Moskowitz’s research into tomato sauce as retold by Malcom Gladwell on the TED talks (http://www.ted.com/tal...

_



26363




Member of BC Press Council


24843