facebook
twitter
search
search

Canadian wholesale trade edges up in May

July 19, 2012 at 9:50 AM

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.

Related UPI Stories
Latest Headlines
Top Stories
Crude oil prices extend losses
Turkish oil pipeline from Iraq bombed
Chevron aims at cost reductions of $1 billion
Greenpeace again stands in Shell's way to arctic
Texas oil production up year-on-year