Canada: Wholesale sales increased 0.3% in February vs. 0.1% expected

Eren Sengezer FXStreet

"Wholesale sales increased 0.3% to $63.7 billion in February, the third consecutive monthly gain," Statistics Canada reported on Tuesday.

Key takeaways from the press release

Higher sales were recorded in two of seven subsectors, led by the motor vehicle and motor vehicle parts and accessories subsector.
Excluding this subsector, wholesale sales declined 1.5%.
In volume terms, wholesale sales increased 0.3%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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