Global markets: Canada’s wholesale trade gains

By Commodity News Service Canada

WINNIPEG, June 20 – The following is a glance at the news moving markets globally.

CANADA’S WHOLESALE TRADE EDGES UP IN APRIL
Wholesale sales edged up 0.1 per cent to C$54.8 billion in April, after two consecutive monthly declines. Gains were recorded in three of seven subsectors, led by the miscellaneous subsector.

In volume terms, wholesale sales increased 0.2 per cent.

JAPAN’S EXPORTS FALL IN MAY
Japan’s exports fell 11.3 per cent year on year in May, according to reports out of the country on Monday.

The Kumamoto earthquake and weak overseas demand contributed to the declines, analysts say.

CANADA’S OPENING INVENTORIES OF CRUDE OIL HOLD STEADY IN APRIL
In April, opening inventories of crude oil and equivalent products held in pipelines and terminals were 12.2 million cubic metres (76.7 million barrels), unchanged compared with March, Statistics Canada said in a report on Monday.

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