Canadian wholesale sales hit record in May

OTTAWA — Statistics Canada says wholesale sales hit a record high in May as they climbed 0.9 per cent to $61.6 billion.

Economists had expected an increase of 0.5 per cent, according to Thomson Reuters.

Statistics Canada says sales were up in six of the seven subsectors, representing 80 per cent of total wholesale sales.

The miscellaneous subsector had the largest gain in dollar terms as it increased 2.6 per cent to $8 billion in May.

Motor vehicle and parts sales rose 1.4 per cent to $11.6 billion.

Wholesale sales increased 0.8 per cent from April to May in volume terms.


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month