Canadian wholesale trade in dollar terms edged up 0.1% in October from September as expected to a record high, according to Statistics Canada data released on Wednesday. But the agency also says volumes declined by the same percentage.
Wholesale trade rose to $54.16 billion from $54.10 billion in September. The amounts are adjusted for seasonal factors but not for inflation.
The farm sector was involved in much of the gains: farm product sales rose 13.5%, while agricultural supply sales were up 5.8%. Motor vehicle, building supply and machinery sales were also up, but food and personal and household goods fell.
Inventories rose for the third consecutive month, by 1.2%, and the ratio of inventory to sales bumped up to 1.26 from 1.25 in September.
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