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Wholesale trade up in August

Canadian wholesale trade unexpectedly rose by 0.2% in August from July to the second-highest level ever, recouping most of July's loss, Statistics Canada data indicated on Monday.

The gain was led by record sales of machinery, equipment and supplies. Excluding the motor vehicle and parts industry, which recorded the largest decline in August, wholesale sales rose 1%. In volume terms, overall sales edged up by 0.1%.