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    17.03.2016 13:24 Canada’s wholesale sales are flat in February

    Statistics Canada released wholesale sales figures on Thursday. Wholesale sales were flat in January, missing expectations for a 0.2% gain, after a 1.8% rise in December. December's figure was revised up from a 2.0% increase.

     

    A rise in the machinery, equipment and supplies subsector was offset by a drop in the motor vehicle and parts subsector.

     

    Sales of motor vehicle and parts were down 2.3% in January, while sales in in the machinery, equipment and supplies subsector rose 2.6%.

     

    Inventories increased by 0.3% in January.


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