Source: Statistics Canada
 
Canadian wholesale sales rose for the second consecutive month in April, largely as a result of increased demand in the personal and household goods and the machinery and electronic equipment sectors.
 
Wholesalers sold $43.4 billion worth of goods and services in April for a gain of 1.4%, following a 0.7% increase in March.

In April, five of the seven wholesale sectors reported higher sales, with the only declines coming from the automotive and farm products sectors.

Despite the back-to-back monthly increases, overall wholesale sales have lost a bit of momentum since the second half of 2007 and are still slightly below the peak attained in March 2007. A significant …