Wholesale sales up 1.4 per cent in October: StatsCan - InfoNews

Current Conditions

-1.4°C

Wholesale sales up 1.4 per cent in October: StatsCan

December 18, 2013 - 5:45 AM

OTTAWA - Statistics Canada says wholesale sales rose 1.4 per cent to $50.5 billion in October following two months of weak growth.

October's growth was much stronger than expected, with analysts caliing for an increase of 0.3 per cent.

StatsCan says higher sales were reported in five of seven subsectors, representing over 70 per cent of wholesale sales.

It says the machinery, equipment and supplies subsector led the growth in October, rising 5.6 per cent to $11.2 billion.

This was the largest monthly growth for the subsector since September 2003.

Sales in the motor vehicle and parts subsector decreased 1.4 per cent in October after three consecutive monthly gains.

Higher sales were recorded in eight provinces, with Alberta, Quebec and Ontario responsible for most of the gains.

News from © The Canadian Press, 2013
The Canadian Press

  • Popular vernon News
  • Comments
  • New mountain highway proposed between Red Deer and Kamloops
    An Alberta development group is pitching the idea of a new highway linking central Alberta to B.C. cutting through the mountains and a section of Banff National Park. The Central Alberta Eco
  • Kamloops firefighter back at work after co-workers saved his life
    Four months after his co-workers saved his life, a Kamloops firefighter is back at work. Mike Silva has been working with Kamloops Fire Rescue for 15 years and was enjoying some time off in
  • Pier 1 closing all of its stores in Canada
    Pier 1 Imports, Inc. announced today that it has entered into bankruptcy protection and is pursuing a sale. The retailer  commenced voluntary Chapter 11 proceedings in the U.S. Bankrupt
  • West Kelowna's Bull Mountain glistens for its close-up
    It’s not a secret that West Kelowna’s family ski hill is getting infused with new life. Bull Mountain Adventure Park is being built on the remnants of Crystal Mountain Resort, an
  • Vernon family captures mesmerizing melting ice
    A Vernon family was on their way home from Kelowna when they made a pit stop after noticing a beautiful scene along Wood Lake. Matthew Royal and his daughters noticed how “cool”
View Site in: Desktop | Mobile