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Global markets: Canadian wholesale trade up

By Commodity News Service Canada

WINNIPEG, August 22 – The following is a glance at the news moving markets globally.

CANADIAN WHOLESALE TRADE UP IN JUNE
Wholesale sales increased for a third consecutive month in June, up 0.7 per cent to C$56.4 billion. Four of the seven subsectors, representing 68 per cent of wholesale sales, recorded gains, Statistics Canada said in a report on Monday.

In volume terms, wholesale sales rose 0.6 per cent from May to June.

In the second quarter, wholesale sales in current dollars grew 0.6 per cent, while those in constant dollars advanced 1.1 per cent.

CRUDE OIL FUTURES SHED MORE THAN TWO PER CENT
Crude oil futures dropped in early activity, as China increased its crude oil exports in July.

Compared with year-ago levels, the country’s exports of diesel grew by 181.8 per cent, while gasoline exports increased by 145.2 per cent, according to data out of the country on Monday.

CANADIAN NEW HOUSING INVESTMENT INCREASES IN JUNE
Investment in new housing construction rose 8.7 per cent year over year to C$4.4 billion in June, Statistics Canada said in a report on Monday.

The increase at the national level was due to higher investment in all dwelling types, except semi-detached houses, which recorded a year-over-year decline for the 14th consecutive month.

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