Statistics Canada (StatCan) reported on Friday (12-16-22) that wholesale sales rose 2.1% in October to $83.4 billion (CAD). Wholesale sales increased in every province in October, with Quebec, BC, and Ontario leading the way and accounting for 78.1% of national sales.
The largest increases were in the miscellaneous goods, the building material and supplies, and the personal household goods subsectors, which combined accounted for 82.4% of the October monthly gain. Sales increased in six of seven subsectors. On a constant dollar basis, sales rose 0.9% in October.
The building material and supplies subsector rose 3.3% to $12.6 billion in October, on higher sales in the lumber, millwork, hardware and other building supplies industry, which reported its first increase since March 2022.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.