Canada: Wholesale sales rose 1.0% to $63.8 billion in October

"Wholesale sales rose 1.0% to $63.8 billion in October, more than offsetting the 0.7% decline in September," Statistics Canada announced on Thursday.

Key highlights from the press release

• Sales were up in four of seven subsectors, representing about 68% of total wholesale sales.
• In volume terms, wholesale sales increased 0.9%.
• Wholesale inventories increased 0.9% to $88.0 billion in October, the seventh gain in eight months.
• The inventory-to-sales ratio was unchanged at 1.38 in October.