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Aug Wholesale Sales +0.3%, +1.7% Over Pre-Covid Level

CANADA DATA
(MNI) OTTAWA
  • Fourth straight monthly gain to record CAD65.7b was led by building materials and autos
  • July sales were also revised up to +5.2% from +4.3%
  • MNI economist median was +0.15%
  • Sales rose in 4 of 7 major categories; declines in household goods and food
  • Auto sales remain 7.1% below pre-pandemic levels
  • Inventories were little changed at CAD90b; inventory-sales ratio remained lowest in 2y at 1.37
  • Statistics Canada to report flash Sept wholesales on Oct 23
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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