Statistics Canada reports wholesale sales up 0.3% in February

Wholesale sales gains were led by the motor vehicle and vehicle parts and accessories subsector

Vehicles are seen in a parking lot at the General Motors Oshawa Assembly Plant in Oshawa, Ont., on Wednesday, June 20, 2018. Statistics Canada says wholesale sales posted their third consecutive monthly gain as they increased 0.3 per cent to $63.7 billion in February. (THE CANADIAN PRESS/ Tijana Martin)

Statistics Canada says wholesale sales posted their third consecutive monthly gain as they increased 0.3 per cent to $63.7 billion in February.

Economists on average had expected a gain of 0.1 per cent for the month, according to Thomson Reuters Eikon.

READ MORE: Do you live with your partner? More and more Canadians don’t

Statistics Canada says wholesale sales gains were led by the motor vehicle and motor vehicle parts and accessories subsector, which rose 9.5 per cent to $11.6 billion.

Excluding the subsector, wholesale sales fell 1.5 per cent. Only two of seven subsectors advanced.

The building material and supplies subsector fell 5.3 per cent to $8.8 billion, while the machinery, equipment and supplies subsector dropped 1.3 per cent to $13.1 billion in February.

Wholesale sales in volume terms increased 0.3 per cent.

The Canadian Press

Like us on Facebook and follow us on Twitter

Just Posted

Nanaimo city councillors to hold first e-town hall meeting of their term

Meeting will take place May 23 at the Vancouver Island Conference Centre

Editorial: Homelessness task force has to be more than misdirection

Task force won’t be able to address all the challenging issues that come before Nanaimo council

Nanaimo Heritage Festival helps highlight the long weekend

Parade and family activities took place downtown today, May 19

Two cats die in house fire in Nanaimo

Fire happened just after 2 p.m. Sunday on Fifth Street, one resident displaced

Crews putting out one of the first wildfires of the season in Nanaimo

Nanaimo Fire Rescue, B.C. Wildfire Service called to Doumont Road fire

Two cats die in house fire in Nanaimo

Fire happened just after 2 p.m. Sunday on Fifth Street, one resident displaced

RDN looking into providing bus service 365 days a year

RDN transit committee to consider adding bus service on Christmas, New Year’s and Good Friday

Facebook takes down anti-vaxxer page that used image of late Canadian girl

Facebook said that the social media company has disabled the anti-vaccination page

Search crews rescue kids, 6 and 7, stranded overnight on Coquitlam mountain

The father and two youngesters fell down a steep and treachorous cliff while hiking on Burke Mountain

Raptors beat Bucks 118-112 in 2OT thriller

Leonard has 36 points as Toronto cuts Milwaukee’s series lead to 2-1

Wheelchair basketball in Nanaimo accessible to all abilities

Harbour City Slam play day introduced newcomers to the sport

Speed limit lowered at Departure Bay Beach

Speed limit reduced to 40 km/h until the fall

District of Lantzville making changes around how it spends surplus money

Changes would ‘hamstring’ council’s ability to manage money, argues councillor

Nanaimo outdoor enthusiasts petitioning as military cracks down on trespassers

Canadian Forces announces it is enforcing the boundaries of its weapons range on Westwood Ridges

Most Read