Canadian Wholesale Sales Beat Estimates on Automotive Increase
By Erik Hertzberg, Bloomberg News
Canadian wholesale sales rose more than economists expected in June on gains in the automotive industry.
Wholesale sales rose 0.7 percent from a month earlier, outpacing the 0.1 percent median estimate of nine economists in a Bloomberg survey.
The motor vehicles and parts category was the biggest contributor to the increase, climbing 3.1 percent in June.