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.