Canada: Wholesale sales up 0.8% on August

Ani Salama FXStreet

Canadian wholesale sales rose 0.8% in August to a seasonally adjusted CAD 56.83 billion , Statistics Canada said Monday, marking the fifth consecutive increase in a row.

Expectations were for a 0.6% gain following a rise of 0.1 % the previous month, downwardly revised from 0.3%. On a year-over-year basis, wholesale sales increased 3.7%.

In volume terms, wholesale sales climbed 0.8% in August.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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