Statistics Canada says wholesale sales rose 2.4 per cent to $84.2 billion in January, led by growth in both machinery and food.
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The agency says sales increased in six of the seven subsectors, accounting for 84 per cent of wholesale sales.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Motor vehicle and motor vehicle parts and accessories was the only subsector that saw a decline in January, down 2.4 per cent to $13.3 billion, due to a ramp up in sales in the final quarter of 2022 and companies gearing up production for more electrical vehicle sales.Last month, Statistics Canada reported wholesale sales fell 0.8 per cent to $82.2 billion in December.
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