Canada’s retail sales up in October

OTTAWA (XINHUA) – Canada’s retail sales continued growing, up 0.4 per cent to CAD54.6 billion (about USD42.7 billion) in October, according to Statistics Canada on Friday.

October marked the sixth consecutive monthly growth since the record decline due to the COVID-19 pandemic in April. Retail sales increased in six of 11 subsectors, representing 50.9 per cent of retail trade. In volume terms, sales edged up 0.2 per cent  in October.

The sales growth in October was led by motor vehicle and parts dealers.

Core retail sales, which excludes gasoline stations and motor vehicle and parts dealers, edged up 0.3 per cent, on higher sales at sporting goods, hobby, book and music stores, furniture and home furnishings stores, as well as building material and garden equipment and supplies dealers.

On an unadjusted basis, retail e-commerce sales hit CAD3.1 billion in October, accounting for 5.2 per cent of the total retail trade.

Masked shoppers crowd the aisles at a Costco in Burnaby, British Columbia. PHOTO: AP