UPDATE 1-Canada March wholesale trade climbs 0.9 pct to hit record
Reuters
Published May 23, 2017 08:43
UPDATE 1-Canada March wholesale trade climbs 0.9 pct to hit record
(Adds data, background)
OTTAWA, May 23 (Reuters) - The value of Canadian wholesale trade grew by 0.9 percent in March from February to hit a record, pushed up by demand for building materials and supplies, Statistics Canada said on Tuesday.
Statscan revised February's data to a 0.3 percent increase from an initial 0.2 percent decline and slashed January's growth to 1.7 percent from 3.0 percent.
Stripping out the effect of prices, March volumes were up 0.6 percent. Overall, sales gained in four out of seven subsectors, accounting for 60 percent of wholesale trade.
Wholesale trade in building materials and supplies jumped 3.9 percent on higher sales of lumber, millwork and hardware as well as metal services. Food, beverage and tobacco sales advanced 1.1 percent.
Two major subsectors reported slight falls. Sales of machinery and supplies dipped 0.5 percent while motor vehicles and parts edged down 0.2 percent.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.