Canada’s wholesale trade rises slightly in March, fueled by motor vehicles

Luke Juricic

Thu, May 15, 2025, 6:38 AM 2 min read

Investing.com -- Canada’s wholesale commercialized posted a marginal summation successful March, rising 0.2% to $86.5 billion, according to information published Thursday by Statistics Canada. The summation was led by spot successful centrifugal vehicles and miscellaneous products, though declines successful different sectors kept wide maturation modest.

The centrifugal conveyance and parts subsector roseate 4.5% to $15.1 billion, its highest monthly level since April 2024. Within that category, the centrifugal conveyance manufacture radical climbed 5.1% to $12.3 billion, arsenic a greater fig of vehicles were shipped to retailers.

Sales successful the miscellaneous subsector roseate 4.1% to $11.0 billion, supported by gains successful mineral and agriculture proviso segments. Overall, 3 of the 7 subsectors recorded growth, representing 32% of nationalist wholesale sales.

Offsetting those gains were declines successful 4 subsectors, led by gathering materials and supplies, which fell 3.0% to $12.0 billion. Regionally, six provinces saw maturation successful wholesale activity, including Saskatchewan, which roseate 10.2% to $4.0 billion—its 3rd consecutive monthly increase. Ontario recorded a 0.4% diminution to $44.6 billion, muting the nationalist total.

Wholesale inventories declined 0.9% successful March to $129.7 billion, with 5 subsectors showing drawdowns. Inventories successful idiosyncratic and household goods slipped the most, down 1.9% to $20.8 billion.

For the archetypal 4th of 2025, wholesale income roseate 2.5% to $258.3 billion, led by gains successful machinery, equipment, and supplies. On a year-over-year basis, nationalist wholesale income were up 4.3%.

Overall, March’s wholesale commercialized results suggest Canada’s home proviso chains stay stable, with cardinal sectors similar centrifugal vehicles showing notable strength. However, with U.S. commercialized argumentation inactive successful flux, peculiarly astir tariffs, the country’s reliance connected cross-border commerce leaves it susceptible to outer shocks. As Ottawa navigates its economical agenda, the durability of this maturation volition progressively hinge connected developments successful Washington and the broader trajectory of Canada-U.S. commercialized relations.

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