Lumber exports help push March wholesale sales above $60 billion
OTTAWA - Statistics Canada says wholesale sales were up 0.9 per cent in March, surpassing the $60 billion mark for the first time.
Total Canadian wholesale sales for that month reached $60.2 billion as strength in lumber exports offset declines in motor vehicles and heavy machinery.
The gains were led by the building material and supplies subsector, which set a record high $8.4 billion in March - up 3.9 per cent from February and up 10.6 per cent from March 2016.
In total, there were increases in four of the seven subsectors tracked by Statistics Canada accounting for 60 per cent of wholesale sales.