BUSINESS

Canadian wholesale sales rise 0.3 per cent in January: StatsCan report

03/19/2013 08:44 EDT | Updated 05/19/2013 05:12 EDT
OTTAWA - Statistics Canada says wholesale sales rose by 0.3 per cent in January to $49 billion, mainly due to higher sales in computer and communications equipment and supplies.

In volume terms, wholesale sales were up 0.5 per cent for the month.

The agency says gains were reported in four of seven subsectors, accounting for about two-thirds of wholesale sales.

Sales in the machinery, equipment and supplies subsector rose 3.2 per cent, almost offsetting a drop recorded in December.

The overall increase reflects an eight per cent increase in the sales of computer and communications equipment and supplies.

Sales rose in nine provinces in January, with most of the growth in dollars concentrated in Quebec, where sales were up 2.2 per cent. Ontario was the lone province that posted a decrease, with sales down 0.5 per cent, the fifth decrease since July 2012.