Canada's wholesale plateaus in June

Aug. 21, 2012 at 10:12 AM

OTTAWA, Aug. 21 (UPI) -- A whopping 20.5 percent dive in Canadian wholesale agricultural products kept the country's total sales flat in June at $49.9 billion, Statistics Canada said.

That was a 0.1 percent wholesale decline from May across all seven sectors and ended four consecutive monthly increases.

Within the miscellaneous sector, the agricultural supplies industry's sales plummet dragged down the national total, the report said. Excluding the miscellaneous sector, wholesale sales rose 0.9 percent, the agency said.

The largest wholesale gainer was the motor vehicle and parts sector, which was up 2.2 percent, attributable to higher sales in the motor vehicle industry.

"The food, beverage and tobacco sector continued the upward trend that began at the end of 2009," StatsCan said. "Sales were up 0.3 percent in June, following a 1.3 percent advance in May."

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules