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The Daily Tuesday, December 20, 2022

Press Release

Retail trade, October 2022

Retail sales increased 1.4% to $62.0 billion in October. Sales were up in 6 out of 11 subsectors, representing 84.4% of retail trade. The increase was led by higher sales at gasoline stations (+6.8%) and food and beverage stores (+2.2%).

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Monthly credit aggregates, October 2022

In October, the total credit liabilities of households (including mortgage and non-mortgage loan debt) increased $9.8 billion (+0.4%) to reach $2,805.2 billion. Real estate secured debt, composed of both mortgage debt and home equity lines of credit, rose $7.7 billion (+0.3%) to reach $2,252.2 billion.

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Monthly estimates of business openings and closures, September 2022

In September, the business opening rate (4.4%) contracted for the second consecutive month to settle below its 2015-to-2019 historical average of 4.7%. On the other hand, the business closure rate (4.9%) increased for the third straight month and was 0.3 percentage points above its historical average. Business closures increased slightly or held relatively steady in all industries.

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Urban public transit, October 2022

In October, ridership on Canada’s urban transit networks continued to grow, reaching 117.3 million trips and recovering more than two-thirds (69.3%) of its level in October 2019, before the COVID-19 pandemic.

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Food services and drinking places, October 2022

On a seasonally adjusted basis, sales in the food services and drinking places subsector increased 1.5% to $7.4 billion in October 2022 as Canadians continued to feed pent-up demand for dining out. Higher sales were reported in limited-service restaurants (+1.6%), full-service restaurants (+1.3%), special food services (+2.7%) and drinking places (+0.6%).

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Outlook of rural businesses, fourth quarter 2022

Inflation continues to be a top concern for rural businesses across Canada, as over 6 in 10 (62.4%) reported that it remained an obstacle in the fourth quarter of 2022. Despite this, the proportion of rural businesses reporting a positive outlook increased since the beginning of the year.

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Monthly Mineral Production Survey, October 2022

Data from the Monthly Mineral Production Survey and the Monthly Survey of Smelters and Metal Refineries are now available for October.

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Monthly Energy Transportation and Storage Survey, October 2022

Data for October 2022 on the transportation and storage of crude oil and other liquid petroleum products are now available.

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