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Canadian wholesale trade rises more than expected in July

Published 2018-09-24, 09:01 a/m
Updated 2018-09-24, 09:10 a/m
© Reuters.  Canadian wholesale trade rises more than expected in July

TORONTO, Sept 24 (Reuters) - Canadian wholesale trade rose 1.5 percent in July from June as sales climbed in four of seven subsectors, including a 4.2 percent gain for personal and household goods, data from Statistics Canada showed on Monday.

The increase was stronger than the 0.5 percent gain that analysts had forecast. The gain followed a revised 0.9 percent decline in June. Sales volumes rose 1.2 percent in July, which could help boost gross domestic product for the month.

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