facebook
twitter
rss
account
search
search
 

Canadian wholesale trade edges up in May

July 19, 2012 at 9:50 AM   |   Comments

OTTAWA, July 19 (UPI) -- Computer and communications supplies helped drive up Canadian wholesale trade by 0.9 percent to $49.8 billion in May, Statistics Canada said Thursday.

The computer and equipment subsector's 7.3 percent monthly sales gain was its largest since April 2008, the agency said.

The second-largest gain was in the food, beverage and tobacco subsector, which rose 1.4 percent. Wholesale sales in the motor vehicle and parts subsector grew 1.6 percent on a monthly basis, the report said,

Four of the seven wholesale sectors that account for 70 percent of all sales reported gains in May.

Sales in the miscellaneous sector dipped 0.9 percent in May after a 9.4 percent upward spike in April, StatsCan said.

Regionally, wholesale trade increased in eight of the 10 Canadian provinces, led by Quebec and Alberta, the agency said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Tesla could face sales ban in Michigan Tesla could face sales ban in Michigan
2
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
3
British Reaper UAVs join the fight against Islamic State British Reaper UAVs join the fight against Islamic State
4
API: U.S. leverage hurt by oil export ban API: U.S. leverage hurt by oil export ban
5
Official: Iran's economy too vulnerable to oil market Official: Iran's economy too vulnerable to oil market
Trending News
Around the Web
x
Feedback