Canadian wholesale sales rose 0.8% to $82.3 billion in September

November 19, 2024

Statistics Canada announced that the country's wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 0.8% to $82.3 billion in September.

The Federal agency notes that sales increased in five of the seven subsectors (representing 67.2% of total wholesales sales). The largest increase came from the motor vehicle and motor vehicle parts and accessories subsector and the agriculture supplies industry group within the miscellaneous subsector. Wholesale sales were 0.4% lower in September compared with the same month one year earlier.

Following a decline in August, sales in the motor vehicle and motor vehicle parts and accessories subsector increased by 2.0% to $14.1 billion in September. After leading the sector's decrease in August, the miscellaneous subsector (+4.5% to $10.5 billion) recorded the largest increase in sales among all subsectors in September

The increase in wholesale sales was tempered by a decline in the food, beverage and tobacco subsector (-0.7% to $14.7 billion) as well as in the personal and household goods subsector (-0.7% to $12.4 billion).

Most provinces saw an uptick in wholesale sales, with Ontario (+2.0%) leading the way, followed by British Columbia (+1.3%).