October saw a 0.6 per cent increase in overall retail sales, reaching $67.6 billion, driven by a surge in new and used vehicle purchases, according to Statistics Canada. However, early estimates show the spending momentum faded in the weeks after Halloween. (The Logic)
Skip to content
October saw a 0.6 per cent increase in overall retail sales, reaching $67.6 billion, driven by a surge in new and used vehicle purchases, according to Statistics Canada. However, early estimates show the spending momentum faded in the weeks after Halloween. (The Logic)
Talking point: While overall sales were up in October, actual volumes were unchanged. Vehicle purchases helped offset lower saIes at supermarkets and grocery stores. In terms of volume, gasoline and fuel sales also tanked 4.7 per cent that month. Heading into November, the statistics agency forecasts the spending spree of the past four months will likely level off, although this projection could shift as more data comes in.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Analysis
These AI startups are making millions with tiny teams
Briefing
Enbridge pauses pipeline expansion while producers hammer out growth plans
Weston-linked Wittington Ventures is building a company to reduce wildfire risk
Telesat and MDA Space shares soar on award of $2.3B military communications contract
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
