Wholesale sales in Canada continued their upward trend, posting strong growth for the fourth straight year in 2007.
Increased demand for agricultural products in the other products”sector led the growth with its best showing since 2003, according to “Wholesale Trade: The Year 2007 in Review,”a recently released report from Statistics Canada. Machinery and electronic equipment sales, which accounts for 21 percent of wholesale sales, also contributed by posting gains higher than total wholesale growth.
Nationally, wholesale revenues increased 5.5 percent to $517.8 billion. Since 2002, the rate of wholesale sales growth has averaged 5 percent, almost double growth for the economy as a whole, which posted average …
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