Canada’s manufacturing sales rose 0.3% MoM in June 2025 to $68.5 billion, ending four straight monthly declines, but remained -2.7% YoY lower amid tariff impacts on key subsectors.

• In constant dollars, sales were flat MoM, while the Industrial Product Price Index rose 0.4%.
• Petroleum and coal product sales jumped 11.8% MoM (constant dollars +10.7%) on refinery restarts, but were down -14.5% YoY and -18.0% QoQ.
• Food product sales hit a record $13.2 billion, up 2.5% MoM and 0.5% QoQ, driven by meat and specialty foods.
• Transportation equipment sales fell -5.0% MoM, the lowest since Nov 2022, with motor vehicles down -9.4% MoM; tariffs weighed heavily on auto and aerospace exports.
• Unfilled orders increased 3.0% MoM to $112.8 billion, led by aerospace (+6.3%), while the capacity utilization rate rose to 79.1% from 78.6%.