By Ovunc Kutlu
ISTANBUL (AA) - Wholesale sales in Canada rose 0.3% in December to reach $82.9 billion, according to data released by the statistics office on Friday.
The market expectation for the figure was to show an increase of 0.7%.
Wholesale sales, a leading indicator of consumer spending, increased 0.9% in November last year.
"Sales increased in three of the seven subsectors, led by the personal and household goods subsector and the food, beverage and tobacco subsector," Statistics Canada said in a statement.
On an annual basis, wholesale sales, excluding petroleum, petroleum products, other hydrocarbons, oilseed and grain, were 1.2% higher in December 2023, compared with the same month of the year before.