Canada’s Wholesale Trade weaker than expected

Canadian Wholesale sales increased for a fifth consecutive month in September, rising 0.3% to $48.7 billion. In volume terms, wholesale sales fell 0.5% in September.

The difference between the growth rates expressed in current and constant dollars can be explained by an increase in prices and a decrease in volume. Two subsectors account for most of the increase.

September’s higher sales came mainly from increases in the miscellaneous, and the food, beverages and tobacco products subsectors. These increases were partially offset by decreases in the machinery, equipment and supplies, and the personal and household goods subsectors.

The largest sales increase was reported in the miscellaneous subsector, which rose 3.3% to $6.8 billion in September. The agricultural supplies industry, which accounted for most of this growth, gained 15.5%. Sales in this industry have demonstrated considerable volatility in recent months.

Sales in the food, beverages and tobacco products subsector (+0.6%) rose for the sixth consecutive month. All three component industries reported gains.

Stats Canada

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell