Statistics Canada Canada coronavirus canada COVID19 Coronavirus economy Coronavirus Statistics Canada Canada

Canada’s wholesale sales higher in May after April’s coronavirus-linked record low

Reading now: 289
globalnews.ca

COVID-19 pandemic, Statistics Canada said Friday.The government agency said wholesale sales rose 5.7 per cent to $52.6 billion in May following the 21.4 per cent drop in April.Economists on average had expected an increase of 8.5 per cent for May, according to financial markets data firm Refinitiv.

Finance minister expected to reveal changes to COVID-19 wage subsidy program CIBC economist Katherine Judge said wholesaling wasn’t hit quite as hard as either retailing or manufacturing in March and April.“As the economy continues to reopen and demand picks up, while at the same time more inventory becomes available, a further increase in wholesaling should be expected,” Judge wrote in a note to clients.“That said, since it didn’t fall as.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA