Streak Continued for Wholesale Trade in August

One area Canadians can count on for growth these days appears to be in wholesale trade.

Figures released by Statistics Canada Monday, showed the figure grew for a fourth consecutive month in August, though at a much slower pace compared with the previous three months. The agency said sales edged up 0.3% to $65.7 billion in August after growing 5.2% in July.

While four of seven subsectors increased in August, led by higher sales in the building material and supplies and the motor vehicle and motor vehicle parts and accessories subsectors, declines in the personal and household goods and the food, beverage and tobacco subsectors partially offset the increases.

In volume terms, wholesale sales increased 0.1% in August.