Statistics
Canada reported on Monday the wholesale sales rose 0.3 percent m-o-m to CAD65.69
million in August, following a revised 5.2 percent m-o-m jump in July (originally
a 4.3 percent m-o-m increase).
Economists had
forecast a 0.2 percent m-o-m gain for August.
According to
the report, sales increased in four of seven subsectors, led by higher sales in
the building material and supplies (+7.0 percent m-o-m) and the motor vehicle
and motor vehicle parts and accessories (+2.5 percent m-o-m) subsectors. Excluding
motor vehicle and motor vehicle parts and accessories subsector, wholesale
sales edged down 0.1 percent m-o-m.
In y-o-y terms,
wholesale sales increased 3.4 percent in August.
Meanwhile, wholesale inventories were unchanged m-o-m
in August. Inventories grew in four of seven subsectors, with the machinery,
equipment and supplies subsector (+0.9 percent m-o-m) recording the largest gain.
However, this increases were offset by lower inventories in the other three
subsectors, led by drop in the building material and supplies subsector (-2.4
percent m-o-m). The inventory-to-sales ratio remained unchanged at 1.37 from
July to August. This was the lowest level since August 2018.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.