• Canada’s wholesale sales rise 0.9 percent in September

Market news

17 November 2020

Canada’s wholesale sales rise 0.9 percent in September

Statistics Canada reported on Tuesday the wholesale sales rose 0.9 percent m-o-m to CAD66.23 million in September, following an unrevised 0.3 percent m-o-m advance in August.

Economists had forecast a 0.4 percent m-o-m gain for September.

According to the report, sales increased in four of seven subsectors, led by higher sales in food, beverage and tobacco (+3.6 percent m-o-m) and the personal and household goods (+3.4 percent m-o-m) subsectors.

Excluding motor vehicle and motor vehicle parts and accessories subsector, wholesale sales also rose 0.9 percent m-o-m.

In y-o-y terms, wholesale sales increased 3.0 percent in September.

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