Increase in Canadian wholesale sales exceeds forecast

Source: WBP Online
© Scanpix/AFP
Canada's wholesale sales jumped from 0.4% gain in April to 2.3%, reaching $50.3 billion in May. It was the biggest advance since 2011. A report showed unexpected results as economists projected wholesale sales in Canada might climb only about 0.3% in May. The main drivers behind the increase was 19.6% growth in sales of agricultural supplies and 4.2% growth in food industry.

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