Economic Indicators

Canada February wholesale trade most likely rose 0.8% – Statscan flash estimate

FILE PHOTO: A customer’s cart filled with the supplies they’re purchasing in response to news about coronavirus disease (COVID-19) at Costco Wholesale on Still Creek Drive in Burnaby, British Columbia, Canada March 15, 2020. REUTERS/Alec Jacobson.

OTTAWA (Reuters) – Canadian wholesale trade most likely rose 0.8% in February from January, largely driven by higher sales in the machinery, equipment and supplies, as well as the motor vehicle and motor vehicle parts and accessories subsectors, Statistics Canada said in a flash estimate on Tuesday.

The estimate was calculated based on a weighted response rate of 60.7%. The average weighted response rate for the survey over the previous 12 months has been 80.1%.


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