As Canadians continue to struggle with the high cost of living, Dollarama is seeing sales jump by more than 20 per cent.

The Canadian budget retail store announced its earnings for the third quarter of the fiscal year, with sales increasing 22.2 per cent to $1.9 billion, compared with $1.5 billion during the same period in the previous year.

Dollarama also increased its footprint with 19 new stores in Canada in this period and six new stores in Australia.

The company’s business model has shown “resilience” in what is an “unpredictable” economic environment, Dollarama CEO Neil Rossy said in a statement.

The company said the spike in sales was primarily driven by sustained demand for “consumables,” the company said.

Consumables can be anything from food items to goods like shampoos, s

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