Canadian wholesale trade was up 5.7% in May from a month earlier — the most significant increase in nearly 17 years, according to Statistics Canada. The rise comes amid governments slowly relaxing COVID-19 restrictions. “Analysts in a Reuters survey had predicted an 8.5% jump from April. (Statistics Canada) revised April’s record plunge to 21.4% from an initial 21.6% drop,” said Reuters. Approximately 60% of the overall increase in May came thanks to motor vehicles and parts and accessories. (Source: Reuters) Read the original article…
