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Wholesale sales hit record high of $61.6-billion: Statistics Canada
Ottawa
The Canadian Press

This article was published more than 6 years ago. Some information may no longer be current.

Ford and Lincoln vehicles are parked outside the Oakville Assembly Plant in Oakville, Ontario, Canada in this file photo.CHRIS HELGREN/Reuters

Statistics Canada says wholesale sales hit a record high in May as they climbed 0.9 per cent to $61.6-billion.

Economists had expected an increase of 0.5 per cent, according to Thomson Reuters.

Statistics Canada says sales were up in six of the seven subsectors, representing 80 per cent of total wholesale sales.

The miscellaneous subsector had the largest gain in dollar terms as it increased 2.6 per cent to $8-billion in May.

Motor vehicle and parts sales rose 1.4 per cent to $11.6-billion.

Wholesale sales increased 0.8 per cent from April to May in volume terms.

Royal LePage CEO Phil Soper says there may be a cumulative effect to policy changes meant to cool housing markets. This video is a clip from a Facebook Live discussion between Soper and Globe and Mail real estate reporter Janet McFarland

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