Wholesale trade in this country was on the up in September. Figures released Tuesday by Statistics Canada said the number increased by 0.9% in September from August, beating analyst expectations, on higher sales in the food, beverage and tobacco subsector.
The agency also said sales were up in four out of seven subsectors, while sales grew in seven of the ten provinces. Sales fell by 0.2% in volume terms.
StatsCan also sales also went up for motor vehicle & motor vehicle parts and accessories (1.1%). Wholesales in September remained higher than February's pre-COVID-19 level for the third straight month. Year-on-year, sales advanced 3%. In the third quarter of 2020, wholesale sales grew 20.1% to CAD 197.4 billion, the highest level on record.
