Canada Wholesale Sales

Wholesale sales in Canada likely advanced by 1.4 percent month-over-month in October of 2021, following a 1.0 percent rise in the previous month, preliminary estimates showed. It was the best monthly performance in the sector since March, reflecting higher sales in the motor vehicle and motor vehicles parts and accessories subsector (+9.0%), as well as stronger sales figures in the miscellaneous goods (+2.2%) and the building materials and supplies (+2.0%) subsectors. On the other hand, significant headwinds continued to subdue sales of farm products (-6.1%) and to a lesser extent, sales of food, beverage, and tobacco products (-1.3%).