The wholesale trade remained on the march during November, according to figures released Tuesday morning by Statistics Canada.
The nation's number-cruncers revealed wholesale sales grew for the seventh consecutive month in November—up 0.7% to an all-time high of $67.4 billion.
Five of seven subsectors reported stronger sales, led by the machinery, equipment and supplies subsector and the building material and supplies subsector. Notably, the increase reflects higher domestic sales of Canadian goods, as both imports and exports of key commodities fell in November.
Wholesale trade volumes increased 0.9% in November.
The agency reported that the demand for wholesale goods largely held firm through November as sales grew for the seventh consecutive month. This occurred notwithstanding the fact that some restrictions on business activities started to be tightened in some provinces in November in response to the second wave of COVID-19. However, for the most part, significant restrictions did not come into effect until December.
