Canada: Wholesale sales increased 1.5% to $63.0 billion in October

"Wholesale sales increased 1.5% to $63.0 billion in October, more than offsetting the 1.1% decline in September," the Statistics Canada reported on Wednesday.

Key highlights

Gains were reported in six of seven subsectors, together representing 81% of total wholesale sales.

The machinery, equipment and supplies and the personal and household goods subsectors contributed the most to the increase.

In volume terms, wholesale sales were up 1.2%.