Statistics Canada announced that the country's wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 1.2% to $85.1 billion in January.

The Federal agency notes that sales increased in five of the seven subsectors, representing 77.6% of total wholesale sales. The largest increases came from the motor vehicle and motor vehicle parts and accessories subsector (+3.7%) and the building material and supplies subsector (+3.5%). Wholesale sales were 2.7% higher in January compared with the same month one year earlier.

All provinces recorded an increase in wholesale sales, with British Columbia (+5.4%) leading the way, followed by Quebec (+1.3%).

British Columbia posted an increase of 5.4% to $8.6 billion in January. Gains were observed in four of the seven subsectors, with the building material and supplies subsector (+10.5% to $2.3 billion) posting the largest increase.

Quebec saw the second-largest increase in provincial wholesale sales, rising 1.3% to $15.4 billion in January. Sales increased in five of the seven subsectors.

Ontario posted a modest increase of 0.3%, bringing wholesale sales to $43.6 billion in January.

 

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