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Statistics Canada reports wholesale sales up 0.1 per cent at $84.2 billion in May
Statistics Canada reports wholesale sales up 0.1 per cent at $84.2 billion in May

CTV News

time2 days ago

  • Business
  • CTV News

Statistics Canada reports wholesale sales up 0.1 per cent at $84.2 billion in May

Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, edged up 0.1 per cent to $84.2 billion in May. The agency says the increase came as the personal and household goods subsector rose 3.5 per cent to boost sales. The motor vehicle and motor vehicle parts and accessories subsector gained 2.2 per cent. The gains were offset in part by a 3.3 per cent drop in the machinery, equipment and supplies subsector as sales of farm, lawn and garden machinery and equipment fell 17.1 per cent and the construction, forestry, mining, and industrial machinery, equipment and supplies group lost 3.9 per cent. In volume terms, wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.2 per cent in May. Statistics Canada has started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade, but is excluding the data from its monthly analysis until there is enough historical data. This report by The Canadian Press was first published July 14, 2025.

Young people, newcomers fuel new debt growth: TransUnion report
Young people, newcomers fuel new debt growth: TransUnion report

Toronto Sun

time28-05-2025

  • Business
  • Toronto Sun

Young people, newcomers fuel new debt growth: TransUnion report

Published May 28, 2025 • 1 minute read Credit cards shown on Thursday, Oct. 6, 2022. Photo by Andrew Vaughan / The Canadian Press The latest TransUnion debt report shows total debt continued to grow in the first quarter compared with the year before, driven mainly by young people and newcomers. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The credit-tracking agency says gen Z consumers saw their outstanding balances grow 30.6 per cent from the prior year. The report says total outstanding debt grew 4.7 per cent to $2.5 trillion in the first quarter year-over-year. Delinquencies, or missed payments, were also up 11 basis points year-over-year to 2.7 per cent — mainly driven by new-to-credit consumers. The report also shows subprime consumers continued to struggle as their delinquency rates rose at significantly higher rates than prime and above-prime consumers. Matt Fabian, director of financial services research at TransUnion Canada, says higher balances from high-risk credit consumers signal a critical moment for lenders to reassess risk strategies. Read More Sunshine Girls Sunshine Girls Toronto Maple Leafs News Canada

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