Statistics Canada released wholesale sales figures on Wednesday. Wholesale sales climbed 1.8% in November, exceeding expectations for a 0.5% gain, after a 0.5% decline in October. October's figure was revised up from a 0.6% decrease.

The increase was mainly driven by higher sales in the motor vehicle and parts subsectors.

Sales of motor vehicle and parts were up 4.8% in November, while sales in the food, beverage and tobacco subsector rose 1.6%.

Sales in the building material and supplies subsector climbed 2.8% in November.

Inventories fell by 0.2% in November.