OTTAWA (Reuters) - A spurt in fertilizer exports helped spur an unexpected 1.5 percent increase in Canadian wholesale trade in April from March, according to Statistics Canada data on Tuesday which will improve the outlook for second quarter economic growth.
The gain exceeded even the highest forecast, of 0.8 percent, in a Reuters survey of economists. The median forecast was 0.2 percent, after the originally reported sales increase of 0.4 percent for March, now revised to 0.3 percent.
Statscan put the rise entirely down to a 48.5 percent boost in farm supplies sales; excluding that, sales did not change. It said exports of fertilizers and fertilizer materials jumped 51.8 percent in April after several soft months, and domestic sales were also strong because of an early spring and a high level of expected acreage to be planted. The figures are seasonally adjusted.
In volume terms, wholesale trade rose 1.3 percent. This is important in calculating real growth in gross domestic product. April factory sales data reported on Friday had put a damper on second quarter GDP expectations with a surprise 0.8 percent decline, though some of the fall was due to temporary factors.
Inventories rose 0.3 percent in April, while the ratio of inventory to sales fell to 1.21 from 1.23 in March. The ratio measures the time in months required to exhaust inventories at current sales levels. (Reporting by Randall Palmer, editing by Dave Zimmerman)
© Thomson Reuters 2012 All rights reserved.
Wholesale trade expands at faster pace - CBC
Statistics Canada says wholesale sales rose at the fastest pace in almost a year in April, driven by increasing demand for agricultural supplies.
The agency says wholesale sales rose 1.5 per cent in April to $49.3 billion, mainly due to a 48.5 per cent increase in sales of agricultural supplies. Excluding that industry, overall sales were unchanged from March.
Wholesales sales are sales of goods and services between businesses and institutions, before they've reached the retail or consumer level. They are considered a leading indicator of consumer demand down the line.
Next to agriculture, the second biggest advance was a 1.1 per cent rise in the machinery, equipment and supplies subsector, which partly offset a March decline.
Sales in the building material and supplies subsector rose 0.5 per cent and the motor vehicle and parts subsector gained 0.2 per cent.
The largest sales decrease in dollar terms came in the personal and household goods subsector, which dropped 2.2 per cent on lower sales in the pharmaceuticals and pharmacy supplies industry.
In April, seven provinces recorded growth in wholesale sales, including the four western provinces.
With files from CBC NewsParty time for over 50s at Broad Street Mall - Reading Evening Post
Party time for over 50s at Broad Street Mall
June 19, 2012
A shopping centre will be giving free tea and cake to over 50s when it holds a party next month.
The Broad Street Mall is holding a tea party for this special age group on Friday, July 6, after the success of a children’s tea party it held to mark the Queen’s Diamond Jubilee.
The event will be sponsored by Boswell’s Cafe and it will be giving free tea and cake to some lucky party-goers.
It will also involve live music from Slim Pickins, featuring getreading’s own Silver Surfer.
Broad Street Mall manager Steve Fawke said: “I’m really looking forward to it. If it goes well we’re hoping to make it a regular thing.
“We do a lot aimed at children and young people, but it’s nice to be able to do something for adults as well.
“It all started after we held a kids’ tea party as part of the jubilee celebrations – we decided it would be great to do one for the over 50s.”
Some of the attractions at the event, which will run from 3pm to 5pm, are still being planned and Mr Fawke said he would like to offer free tea and cake to the first 50 party-goers to arrive.
While at the party you can take part in a raffle courtesy of getreading for two tickets to Ascot racecourse on Friday, July 27, to celebrate the launch of the event.
The winner will be drawn on the day of the tea party.
Wholesale trade gains on farm supplies - Globe and Mail
Wholesale sales rose 1.5 per cent in April to $49.3-billion, soaring well above expectations mainly due to a huge increase in sales of agricultural supplies, Statistics Canada reported Tuesday.
But excluding the 48.5 per cent increase in agriculture supplies, overall sales were unchanged from March, the federal agency said.
The second biggest advance was a 1.1-per-cent rise in the machinery, equipment and supplies subsector, which partly offset a March decline.
Sales in the building material and supplies subsector rose 0.5 per cent and the motor vehicle and parts subsector gained 0.2 per cent.
The largest sales decrease in dollar terms came in the personal and household goods subsector, which dropped 2.2 per cent on lower sales in the pharmaceuticals and pharmacy supplies industry.
In April, seven provinces recorded growth in wholesale sales, including the four western provinces.
The average analyst estimate had been for a slight, 0.2 per cent increase, CIBC World Markets said in a note.
However, a huge shipment of fertilizers in April marked a restart to potash sales and exports following a soft first quarter and has confirmed that Q2 should benefit from restarts to stalled resource activity, the bank said.
“The 1.3-per-cent increase in wholesale volumes suggests that April GDP will get a hearty helping hand from that sector,” it said.
Good Sharing About Wholesale China Cell Phones - Salon
Nowadays cell phones are highly in demand because these are used for communication. Due to high technology, cell phones have transformed its uses and functions. With these cell phones, we tend to experience great things not only for communication but even for entertainment.
Knowing that China have grown to be so competitive with their experiment in electronics so it’s the main reason why they are highly in demand nowadays in producing cell phones. China cell phones are considered to be one of the fast growing industries nowadays.
If you are planning to begin an ecommerce business and you’re pondering how the wholesale china operates? If so, you are in the good site. It is very significantly fantastic if you are sourcing wholesale China which is a low cost solution in starting an internet business which is certainly profitable without bank breaking. But the first question that definitely comes to the mind is that if you could obtain branded items in wholesale China. Obviously, the answer is no. So that you can know isn’t it an option for a reseller like you if you buy directly branded items from wholesale China.Here are some factors behind to acquire an idea precisely why it isn’t probable in such cases. First, the brand’s exert may possibly handle the product sales of their items from their manufacturer to their wholesale cell phones sales shop. Second, the brand’s exercise controls the supply chains of the item. You may additionally find out that there are instances it can be feasible to look for a distinctive models which is available in many countries nevertheless the things is that it can’t be profitable structure in Western countries even though it has decreased taxes in one product that is definitely more affordable at retail price China.
Is it possible to obtain benefits from purchasing non-branded products in wholesale China? Well it could be pointless to make an attempt to source goods with brand from the manufacturers of wholesale China and you could be frustrated about it. Actually, there are few features you can usually get form obtaining non-branded items from wholesale China. You could be at liberty in offering items under your name if you purchase items with no brands like for example you have the options of obtaining custom labeling and packaging with your name when you precisely obtain it from China. It’s also possible to get the top quality items at a very low price tag when you buy it from a reputable source in China. So for you to get the merchandise at a cheap rate, purchase them from the China wholesale.
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