RTTNews - Statistics Canada said Thursday that Canadian wholesale sales rose for the first time in nine months in June, mainly due to increases in the automotive products and food, beverages and tobacco products sectors. Sales in current dollars rose 0.6% to $40.4 billion.
In current dollars, three of the seven sectors, accounting for just over half of total wholesale sales, advanced.
Sales in the automotive products sector increased 3.3% to $5.8 billion in June. This was the fifth straight increase since the sharp drop in January. Despite this improvement, sales in the sector remained well below the peak in July 2008.
The food, beverages and tobacco products sector rose 1.8% in June. This was due mainly to higher sales in the food products trade group (+1.5%), which account for about 90% of sales in the sector.
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