Canadian wholesale revenues rose 2.3% in July to $46.2 billion as increases across a number of sectors contributed to a fifth consecutive monthly gain. Price effects were minimal in July, as sales in volume terms rose 2.2%.
July’s gains were spread across six of the seven wholesale sectors, with food, beverages and tobacco products the only sector reporting lower sales.
The largest contribution came from the other products” sector, which rebounded from a 3.4% drop in June to post a 6.0% rise in July. Sales in this sector have increased significantly over the past year, mostly as a result of higher global demand for agricultural supplies. Exports of fertilizers and fertilizer material rose by more than 30% in July and have more …
