Wholesale sales in Canada increased by 1.7% in April

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Wholesale sales in Canada reached $65.3 billion in April, the rise for the fifth consecutive month. April's growth was at the level of 1.7%. At the same time, 5 of the 7 sectors showed an increase in sales. The largest growth was recorded in the sector of automobiles and parts for them, where sales grew by 3.2% to 11.8 billion dollars, noting the highest value since November 2017. A month earlier there was a decrease in this indicator by 1.9%. In April, machinery, equipment and consumables were sold for $13.9 billion. Over the month, the figure rose by 2.2%. Sales of household goods increased by 3.1%. Wholesale inventories increased in April for the eighth months in a row. Their volume increased by 0.4% to 90.6 billion dollars. Stocks of building materials rose by 0.9%, and the household goods sector increased its reserves by 1.1%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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