Wholesale sales up in May: StatsCan
Shoppers browser through products at a clothing store in Vancouver October 18, 2007. THE CANADIAN PRESS/Richard Lam
OTTAWA - Cars, computer parts and the food industry drove wholesale sales up 0.9 per cent in May to $49.8 billion.
Statistics Canada says the biggest advance was in machinery, equipment and supplies — primarily due to higher sales of computer and communications equipment, which rose 7.3 per cent, the largest increase in four years.
The food industry saw wholesale sales increase 1.5 per cent, while the motor vehicle industry saw wholesale sales rise 2.9 per cent.
The agency says higher wholesale sales in the motor vehicle and parts subsector reflect a return to growth for the industry this year following a year of relatively flat sales in 2011.
Wholesalers in Quebec contributed the most to the national increase, followed by wholesalers in Alberta.
Inventories edged up 0.1 per cent to $59.7 billion in May, with a rise in 15 of the 25 industries.
A 1967 Shelby GT500 Super Snake sold for $1.3 million. Do you think classic cars were made better than modern rides?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- Yes, the quality of cars from the 1960s and '70s is the best
- No, modern technology makes cars better today
- Maybe, it's hard to say since most Canadians get a new car every 10 years