Canadian manufacturing sales rose +0.6% MoM and fell -1.1% YoY in December, rebounding after two monthly declines.

• Motor vehicle sales increased +12.0% MoM to $4.3B, driven by higher production after semiconductor related disruptions, marking a sharp recovery from prior weakness.

• Food product sales rose +2.0% MoM to $13.3B entirely on higher volumes, while petroleum and coal products declined -5.1% MoM to $7.7B due to lower prices and volumes.

• In constant dollars, manufacturing sales increased +1.8% MoM as the Industrial Product Price Index fell -0.6%, indicating real output growth alongside price declines.

• Total inventories decreased -1.2% MoM to $119.8B, the third straight monthly decline, led by goods in process (-2.5%), finished products (-1.2%), and raw materials (-0.4%).

• The inventory to sales ratio fell to 1.69 (from 1.72), showing improved inventory turnover conditions.

• Unfilled orders rose +0.4% MoM to $114.4B, mainly from electrical equipment manufacturing, suggesting some future production support.

• Capacity utilization declined to 76.8% (from 78.7%), with the largest drops in non metallic mineral products, petroleum and coal, and transportation equipment, indicating softer operating intensity.

Total manufacturing sales fell -1.2% MoM and -1.1% YoY to $70.8B in November 2025, reflecting broad-based weakness across subsectors.

• Sales declined in 15 of 21 subsectors, led by motor vehicles (-15.9%), motor vehicle parts (-6.3%), and machinery (-3.2%), following a -1.0% decline in October.

• Motor vehicle sales fell to $3.8B (-15.9% MoM; -20.7% YoY), the second straight monthly drop and the lowest level since October 2022, with production disrupted by global semiconductor shortages.

• Motor vehicle parts sales declined -6.3% MoM, with the report citing spillovers from the same semiconductor-driven supply chain disruptions affecting multiple auto parts plants.

• Machinery sales dropped -3.2% MoM to $4.4B and were down -0.4% YoY, with weakness concentrated in agricultural, construction, and mining machinery as well as other general-purpose machinery.

• Petroleum and coal product sales rose +6.8% MoM to $8.2B, supported by both higher prices and volumes; constant-dollar sales increased +3.2% as a refinery maintenance shutdown ended and refined product prices rose (diesel and motor gasoline highlighted).

• Manufacturing sales declined in eight provinces, led by Ontario (-2.0% MoM to $30.5B; -1.8% YoY), where transportation equipment fell -9.2% and non-metallic mineral products declined -9.8%.

• British Columbia sales fell -3.0% MoM to $5.3B, driven by food (-5.4%), wood products (-5.1%), and primary metals (-6.5%); the report notes U.S. tariffs have significantly pressured BC’s wood products subsector.

• Total inventories edged up +0.1% MoM to $121.9B, while the inventory-to-sales ratio rose to 1.72 (from 1.70), indicating inventories grew slightly despite weaker sales.

• Unfilled orders increased +0.1% MoM to $112.9B (+6.9% YoY), with gains led by computers and electronics (+4.3%) and fabricated metals (+1.8%), partially offset by a decline in aerospace products and parts (-0.3%).

• Capacity utilization fell to 78.7% (from 80.4%), with the largest declines in transportation equipment (-6.4 ppts), primary metals (-3.2 ppts), and food (-1.8 ppts), while petroleum and coal products rose +3.6 ppts.