Statistics Canada reports wholesale sales up 0.3% in February

Wholesale sales gains were led by the motor vehicle and vehicle parts and accessories subsector

Vehicles are seen in a parking lot at the General Motors Oshawa Assembly Plant in Oshawa, Ont., on Wednesday, June 20, 2018. Statistics Canada says wholesale sales posted their third consecutive monthly gain as they increased 0.3 per cent to $63.7 billion in February. (THE CANADIAN PRESS/ Tijana Martin)

Statistics Canada says wholesale sales posted their third consecutive monthly gain as they increased 0.3 per cent to $63.7 billion in February.

Economists on average had expected a gain of 0.1 per cent for the month, according to Thomson Reuters Eikon.

READ MORE: Do you live with your partner? More and more Canadians don’t

Statistics Canada says wholesale sales gains were led by the motor vehicle and motor vehicle parts and accessories subsector, which rose 9.5 per cent to $11.6 billion.

Excluding the subsector, wholesale sales fell 1.5 per cent. Only two of seven subsectors advanced.

The building material and supplies subsector fell 5.3 per cent to $8.8 billion, while the machinery, equipment and supplies subsector dropped 1.3 per cent to $13.1 billion in February.

Wholesale sales in volume terms increased 0.3 per cent.

The Canadian Press

Like us on Facebook and follow us on Twitter

Just Posted

The Who’s iconic rock opera coming to Kelowna

Theatre Kelowna Society celebrates 70th season this fall with Tommy

Meet your RibFest BBQers

RibFest Kelowna runs Aug. 23, 24 and 25

Lake Country residents would like to swim

Survey shows 55 per cent of respondents favour a community pool

Indoor Okanagan soccer league expands in 2nd year

The Okanagan Premier League (OPL) returns for indoor action in October

Local photographer donates book sales to Foundry Kelowna

The book features 14 Kelowna men sharing their mental health resiliency stories

Trudeau vows to stand firm against ‘increasingly assertive’ China

China has accused Canada of meddling in its affairs

Judge seeks compassion for man caught on moped

Defendant says ICBC told him he could drive

The Ice Queen of the blues coming to the South Okanagan

Award winning blues artist Sue Foley coming to the Dream Café

Kelly Ellard gets day parole extended for six more months

Ellard was convicted of killing 14-year-old Reena Virk in 1997

New study suggests autism overdiagnosed: Canadian expert

Laurent Mottron: ‘Autistic people we test now are less and less different than typical people’

Salmon Arm’s Sebastien Archambault joins Humboldt Broncos

Defenceman played last two seasons with Junior B Sicamous Eagles

Lost and found: Police seek owner of Firefly bag

The bag was turned into the Vernon North Okanagan RCMP on August 19th, 2019

Theft of Okanagan teen’s stolen bike has happy ending

A 31 year old man from Alberta was arrested Wednesday and is currently in custody facing charges

Most Read