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July 24, 2018

Canadian wholesale sales rose 1.2% to a record $63.7 billion in May

Statistics Canada announced that wholesale sales rose 1.2% to a record $63.7 billion in May, with sales were up in four of seven subsectors.

According to the Federal Agency the miscellaneous, building material and supplies, and farm product subsectors contributed the most to the gains in May, while the motor vehicle and parts subsector posted the largest decline.

Sales in the building material and supplies subsector rose 5.0% to $9.7 billion as all industries posted gains in May. Following a 17.5% decline in April, the farm product subsector rebounded in May, up 25.5% to $859 million.

The motor vehicle and supplies subsector recorded the largest decline in dollar terms in May, down 2.5% to $11.1 billion.