Canada’s Wholesale Sales Rise in May to New Record

Wholesale sales in Canada increased in May for the third consecutive month, setting a new record, according to data by Statistics Canada.

The wholesale sales rose 0.5% in May to reach $72.2 billion, supported by the growing sales of food and machinery.

Food sales leveled up 3.3% to $11.4 billion, its highest level since March 2020, while machinery, equipment, and supplies sales grew by 0.5%.

Compared with the pre-pandemic level in February last year, the sales increased by 11%.

Meanwhile, wholesale volumes fell 0.3% in May.