September 24, 2018 / 1:13 PM / 3 months ago

Canadian wholesale trade rises more than expected in July

TORONTO (Reuters) - Canadian wholesale trade rose 1.5 percent in July from June as sales climbed in four of seven subsectors, including a 4.2 percent gain for personal and household goods, data from Statistics Canada showed on Monday.

The increase was stronger than the 0.5 percent gain that analysts had forecast. The gain followed a revised 0.9 percent decline in June. Sales volumes rose 1.2 percent in July, which could help boost gross domestic product for the month.

Reporting by Fergal Smith; Editing by Paul Simao

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