Canadian wholesale trade grows

Wholesale trade grew by 0.8 per cent in July from June, helped by strong business investment in machinery and equipment, Statistics Canada announced yesterday. After removing the effects of the currency's appreciation against the US dollar, which lowered prices for imported goods sold by wholesalers, sales rose by 1.5 per cent. However, the agency revised its June numbers downwards to show flat sales, compared with the 0.2 per cent rise initially reported.