“Wholesale sales rose 1.0% to $63.8 billion in October, more than offsetting the 0.7% decline in September,” Statistics Canada announced on Thursday.
Key highlights from the press release
- Sales were up in four of seven subsectors, representing about 68% of total wholesale sales.
- In volume terms, wholesale sales increased 0.9%.
- Wholesale inventories increased 0.9% to $88.0 billion in October, the seventh gain in eight months.
- The inventory-to-sales ratio was unchanged at 1.38 in October.
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