Canada: Wholesale sales increased 0.3% in February vs. 0.1% expected

"Wholesale sales increased 0.3% to $63.7 billion in February, the third consecutive monthly gain," Statistics Canada reported on Tuesday.

Key takeaways from the press release

•  Higher sales were recorded in two of seven subsectors, led by the motor vehicle and motor vehicle parts and accessories subsector.
• Excluding this subsector, wholesale sales declined 1.5%.
• In volume terms, wholesale sales increased 0.3%.