Source: Statistics Canada
Canadian wholesalers reported a modest rebound in sales in March, helped by higher deliveries of building supplies and machinery and electronic equipment. However, the increase was not enough to prevent a second consecutive quarterly decline in sales.
Sales increased by an estimated 0.6% to $42.7 billion, recouping some of the 2.1% decline reported in February.
On a quarterly basis, wholesale sales fell 0.8% in the first quarter, following a 0.3% decline in the fourth quarter of 2007. First quarter sales were affected by a large drop in the motor vehicles trade group, which registered its fourth consecutive quarterly decline, as well as continued weakness in the beleaguered lumber …
