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Global markets: Canadian wholesale trade down in February

By Commodity News Service Canada

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

CANADA’S WHOLESALE TRADE DECLINES
Wholesale sales decreased 2.2 per cent to C$55.8 billion in February after three consecutive increases. Lower sales were recorded in five of seven subsectors, accounting for 66 per cent of total wholesale sales, Statistics Canada said in a report on Wednesday.

According to StatsCan, in volume terms, wholesale sales declined 1.9 per cent.

CHINA AIMS TO BOOST EXPORTS
China is making changes in order to increase its exports, according to reports on Wednesday.

Officials from the country said increased bank lending to trading companies, changes to export credit insurance, and higher tax rebates for some firms were included in the changes.

CANADA’S PIPELINE DELIVERIES OF CRUDE OIL UP
Canadian pipeline net receipts of crude oil and condensates, and other liquefied petroleum products totalled 34.5 million cubic metres in February, up 1.4 per cent from the same month last year, Statistics Canada said in a report on Wednesday.

There were higher receipts from imports, refineries and bulk plants, and from other sources. Partly offsetting the overall increase were lower receipts from fields and from processing plants.

According to StatsCan, Canadian pipeline net deliveries of crude oil and condensates, and other liquefied petroleum products were up 4.1 per cent from the same month a year earlier to 35.4 million cubic metres in February.

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