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

Lacombe family homeless after rental house discovered to have toxic mold

Four different types of mold found in now-condemned house

World’s Largest Lure unveiled at sneak peek in Lacombe

Public unveiling will take place on June 1st

Lacombe Big Brothers Big Sisters introduces Colby Sackett Memorial Scholarship

Scholarship given to committed Grade 12 teen mentors in the community

Lobster Dinner returns in support of Lacombe Rotary Club projects

Organizers hoping to raise $25,000 to support local, national and international projects

Northstar Drive Detour for Westview Drive & Garden Road in Lacombe

Local traffic will be maintained along Fairview Drive

VIDEO: LCHS Hair Massacure supports children’s charities

Event supports kids living with cancer

New poll suggests one-third don’t want politicians to wear religious symbols

Local politicians shouldn’t be allowed to wear hijabs, crucifixes or turbans on the job, survey suggests

Raptors fans far from home adjust plans to watch pivotal playoff game

Raptors currently lead the playoff series 3-2, and a win Saturday would vault them into NBA finals

Alberta NDP cries foul as Speaker Cooper names new legislature clerk

Shannon Dean will replace Merwan Saher as the clerk of the assembly effective immediately

‘Her life mattered:’ New trial ordered in death of Indigenous woman Cindy Gladue

In a 4-3 decision, Supreme Court said evidence about Cindy Gladue’s sexual history was mishandled

Emergency funds for High Level evacuees to start flowing by Monday

About 5,000 people in High Level and surrounding communities have been out of their homes for a week

Five takeaways from the Court of Appeal ruling on B.C.’s pipeline law

It’s unclear how many tools are left in B.C.’s toolbox to fight the project

No-vote option: Alberta legislature changing rules to allow MLAs to abstain

The changes are expected to pass, given that Kenney’s party has a majority of seats

Scheer says it would take Conservatives five years to balance budget

Scheeraccused the Liberal government of spending $79.5 billion of previously unbudgeted funds

Most Read