Canadian Wholesale Trade Rose 2.3 Percent in February
Statistics Canada estimates wholesale trade rose 2.3 percent in February. The gain was led by higher sales in the motor vehicle and parts subsector.
Xurve View
Xurve View
Wholesale trade in Canada likely experienced a significant uptick in February, according to a flash estimate released by Statistics Canada on Friday. The preliminary data suggests a 2.3% increase compared to January, signaling a robust period for the nation's distribution networks.
The anticipated growth was primarily fueled by strong performance within the motor vehicle and motor vehicle parts and accessories subsector. This segment acted as a major catalyst for the overall monthly gain in wholesale volumes.
