Canada’s wholesale sales surged 1.8% in September

Market news

20 November 2014

Canada’s wholesale sales surged 1.8% in September

Statistics Canada released wholesale sales figures on Thursday. Wholesale sales jumped 1.8% in September, exceeding expectations for a 0.7% gain, after the flat reading in August. August's figure was revised down from a 0.2% increase.

The increase was driven by the building material and supplies subsector. Building material and supplies rose 5.5%. Machinery, equipment and supplies climbed 2.2%.

U.S. existing homes sales rose 1.5% in October

U.S. consumer price inflation was flat in October

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