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Wholesale sales rose 1.8 per cent in January: Statistics Canada

Sharp downturn expected in coming months due to COVID-19


March 23, 2020
By The Canadian Press

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Photo: Getty Images

Statistics Canada reports wholesale sales rose 1.8 per cent to $65.2 billion in January, boosted by the motor vehicle and motor vehicle parts and accessories and the miscellaneous subsectors.

Economists had expected a decline of 0.1 per cent for the month, according to financial markets data firm Refinitiv.

The January results come ahead of what is expected to be a sharp downturn in the economy due steps taken to slow the spread in COVID-19.

Statistics Canada says sales in the motor vehicle and motor vehicle parts subsector grew 3.0 per cent to $11.3 billion in January.

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Meanwhile, the miscellaneous subsector climbed 3.1 per cent to $8.4 billion, boosted by the agricultural supplies industry which increased 10.5 per cent.

In volume terms, wholesale sales grew 1.7 per cent in January.