Canada. Wholesale sales rise

Wholesale sales rose 2.5% to $42.4 billion in current dollars in November, the fifth increase in six months. During that period, Canadian wholesalers regained one-third of the losses incurred since the last peak in July 2008.

In volume terms, wholesale sales were up 2.1%.

November's solid growth was the result of widespread gains, with six of the seven sectors reporting increased sales.

The automotive products sector contributed the most to the rise in November, followed by the food, beverages and tobacco products sector. These two sectors accounted for more than two-thirds of the growth in wholesale sales.

Sales in the automotive products sector rose 7.8% in November to $7.3 billion, the eighth increase since the beginning of 2009.

In November, the automotive products sector benefited from strong sales in the motor vehicles trade group (+9.6%), reflecting the strength of Canadian imports.

According to the latest Canadian international merchandise trade release, Canadian imports of automotive products rose 9.4% in November, mainly due to increased imports of trucks and other motor vehicles (+30.1%).

The food, beverages and tobacco products sector (+2.5%) also contributed to the growth in wholesale sales. This increase was entirely attributable to the food products trade group (+2.9%).

Sales higher in eight provinces

Except for Nova Scotia and New Brunswick, all Canadian provinces posted increased wholesale sales in November.

However, Ontario and Quebec were the main contributors to this growth.

Gains in the automotive products sector boosted sales, particularly in Ontario, where more than 70% of the sector is concentrated. This sector accounts for one-quarter of the province's wholesale sales.

Ontario wholesale sales climbed 3.5% to $21.7 billion, the highest level since September 2008.

Sales rose 1.6% in Quebec in November, after increasing 0.5% in October. The latest gain was largely attributable to higher sales in the food, beverages and tobacco products, and personal and household goods sectors.

(Source:Statistics Canada, Jan. 21, 2010)

~	Conference, Oct. 16, 2024. The War Against the Past: Fighting for our History

~	SLAV - Robert Lepage's Reaction

~	Author and Tolerance.ca Editor, Victor Teboul, Ph.D., to speak at the Arab World Festival of Montreal

~	Iran : Hey Ayatollah, Leave those kids alone! and Pink Floyd's remake

~	UN-backed group supports Somali Government’s peace overtures to rivals

~	Cargo vessel captured near Seychelles is commandeered to Somalia

~	U.S. and Oman Navy Rescue Indian Dhow from Somali Pirates - One Sailor Dead

~	Canada. 50% of tax filers participate in a private retirement savings plan

~	Somali Pirates capture second merchant vessel in 24h

~	Canada. 41% of adults have a high cholesterol level