Statistics Canada Estimates Wholesale Trade Rose 2.3% in February

By Paul Vieira

OTTAWA--Statistics Canada said Friday that an early review of data indicates that wholesale transactions rose 2.3% in February.

The estimate incorporates wholesale transactions excluding petroleum products, oilseeds and grains. The data agency said the increase partly reflects higher sales in the motor-vehicle and motor-vehicle-parts subsector.

The estimate points to a solid rebound following a 1% decline in January.

Wholesalers are the largest component of Canada's services sector, and they connect farmers or manufacturers that produce goods with companies and public institutions that use them. They also import goods from other countries and redistribute them within Canada.

Write to Paul Vieira at [e-mail]

(END) Dow Jones Newswires

03-27-26 0902ET