Canada Wholesale Trade: July 2025 (Final)

Canada’s wholesale sales (ex. petroleum and oilseed/grain) rose 1.2% MoM to $86.0 billion in July 2025 and were up 4.3% YoY, with constant-dollar sales increasing 0.8% MoM.
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Motor vehicle and parts sales climbed 5.1% MoM to $15.4 billion, driven by a 5.9% MoM increase in motor vehicle sales to $12.4 billion.
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Building materials and supplies rose 2.7% MoM to $12.1 billion, with lumber, millwork, and hardware leading at $5.9 billion (+2.7%).
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Miscellaneous subsector sales declined -1.5% MoM to $10.7 billion, weighed down by weaker mineral, ore, and precious metals sales.
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Ontario sales increased 1.5% MoM to $44.7 billion, marking a third straight monthly gain, led by a 5.1% MoM rise in motor vehicles and parts to $10.4 billion.
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Alberta wholesale sales rose 2.6% MoM to $9.5 billion, with six of seven subsectors higher, led by a 6.6% MoM rise in building materials to $1.7 billion.
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Wholesale inventories increased 0.6% MoM to $132.6 billion, with food, beverage, and tobacco inventories up 2.2% MoM to $14.8 billion and machinery, equipment, and supplies up 0.4% MoM to $39.7 billion.
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The inventory-to-sales ratio eased slightly to 1.54 (Jun: 1.55), indicating modestly faster turnover.