Canadian wholesale sales unexpectedly rose in February, rebounding from a decline in the previous month, official data from Statistics Canada showed Monday.
Wholesale sales rose 1.6 percent in February to C$48.5 billion, followed a 1.1 percent decline in January.
Economists predicted wholesale sales would be down 0.17 percent, but a 2.2 percent rise in volumes helped drive a monthly increase.
Auto factories were humming, as sales were up 2.7 percent to C$7.7 billion in February. Meanwhile, sales in the machinery, equipment and supplies subsector rose 1.7 percent in February.
Inventories rose 1.1 percent to C$59.0 billion in February, the 13th increase in 14 months.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.