Wholesale sales saw largest monthly increase since November 2021

Statistics Canada says wholesale sales, excluding petroleum, petroleum products and other hydrocarbons and excluding oilseed and grains, rose 3.5% to $83.6 billion in May.

The agency says it was the largest monthly increase since November 2021 as sales were up in four of the seven subsectors that it tracks.

Sales in the machinery, equipment and supplies subsector rose 5.6% to $18.9 billion in May, while the miscellaneous subsector climbed 8.8% to $11.3 billion.

The motor vehicle and motor vehicle parts and accessories subsector gained 7.1% at $13.7 billion.

Constant dollar sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grains, were up 3.3% in May.

Statistics Canada began including the oilseed and grain industry group as well as the petroleum and petroleum products subsector as part of wholesale trade earlier this year, but is excluding the data from its monthly analysis until historical data are available for proper monthly and annual analysis.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.