"Wholesale Trade in Canada Declines While Retail Sales Stabilize in November"

Investing.com -- Canada's wholesale trade is estimated to have likely fallen by 0.7% in November compared to October, according to preliminary figures released by Statistics Canada on Friday. This decline is primarily attributed to lower sales in the motor vehicle and motor vehicle parts and accessories, as well as construction materials and supplies subsectors.

The estimate was based on a weighted response rate of 58.8%. For comparison, the average weighted response rate over the past 12 months was 81.9%.

On the other hand, Canadian retail sales increased by 0.6% in October compared to September, reaching CAD 67.58 billion (USD 46.99 billion). This growth was largely driven by increased sales at motor vehicle and parts dealers. However, Statistics Canada's preliminary estimate indicates that retail sales in November remained unchanged compared to October.

In October, five out of nine retail trade subsectors, which accounted for 52.6% of total retail trade, reported an increase in sales. In volume terms, retail sales remained flat.