By Paul Vieira
OTTAWA--Canadian wholesale transactions increased in October, with the automotive sector driving results.
Statistics Canada said wholesale transactions, excluding petroleum and associated products, climbed 1% in October from the month prior to a seasonally adjusted 83.7 billion Canadian dollars, the equivalent of $58.9 billion, Statistics Canada said Friday. The figure was higher than the data agency's advance estimate for a rise of 0.5%. However, October's gain marked a slight deceleration from the 1.3% rise in September.
Total wholesale transactions rose 3.3% in October.
Wholesalers--the largest component of Canada's services sector--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 paul.vieira@wsj.com
(END) Dow Jones Newswires
12-13-24 0906ET
