Home Canada: Wholesale sales rose 1.2% to a record $63.7 billion in May
FXStreet News

Canada: Wholesale sales rose 1.2% to a record $63.7 billion in May

“Wholesale sales rose 1.2% to a record $63.7 billion in May. Sales were up in four of seven subsectors, representing approximately 50% of total wholesale sales,” Statistics Canada announced on Monday.

Key takeaways from the official publication

  • In volume terms, wholesale sales increased 1.3%.
  • In dollar terms, the miscellaneous subsector reported the largest increase in May, as sales rose 7.8% to $8.3 billion.
  • Sales were up in four of five industries, led by the agricultural supplies industry (+25.6%) following a 5.4% decline in April.
  • In volume terms, the agricultural supplies industry increased 27.4%.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.