Canada January wholesale trade rises 0.8 percent as expected

Wed Mar 19, 2014 9:50am EDT
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(Reuters) - Canadian wholesale trade rose by 0.8 percent in January from December as sales rose in all sectors except the motor vehicle and parts industry, Statistics Canada said on Wednesday.

Inventories climbed by 1.4 percent in January, led by machinery, equipment and supplies, while the inventory-to-sales ratio edged up to 1.25 from 1.24 the previous month. In volume terms, wholesale sales grew by 0.4 percent.

NOTE: Analysts surveyed by Reuters had forecast a gain of 0.8 percent in January wholesale trade from December. All figures are seasonally adjusted.

(Reporting by Alex Paterson; Editing by Randall Palmer)