Canada wholesale trade rises more than expected in April

Canada wholesale trade rises more than expected in April

Advertisment Figures released Tuesday by Statistics Canada show wholesale trade in this country rose more than expected in April, led by the machinery industry, but only two other sectors showed gains.

March's wholesale trade figures were also revised upward, and now indicate sales climbed 1.2% versus the earlier estimate of a 0.9% rise.

Of the seven major sectors, the three with April gains accounted for 41 percent of total sales. Stripping out the effects of price changes, overall volume was up 0.7 per cent.

The machinery, equipment and supplies subsector recorded the largest gain in dollar terms as it increased 7.3 per cent to $12.4 billion.

The food, beverage and tobacco sector rose 1.5% its third monthly gain in a row on higher food sales, while sales of farm products rose 5.2%.

There was, however, considerable volatility on the month across sectors with a decline in sales of personal and household goods as well as motor vehicle sales.