The final estimate of Canada’s wholesale trade growth in February was 0.3% MoM and 3.3% YoY, a slight downward revision from the 0.4% MoM increase that was first estimated.

• Sales increased in two of the seven subsectors, representing 40.3% of total wholesale sales.
• The largest increase came from the machinery, equipment and supplies subsector (+7.1% MoM).
• Oil and oil products wholesale sales (excluded from the headline number) fell -9.4% MoM and -13.4% YoY.
• Wholesale inventories rose 2.2% MoM to $130.6 billion in February.
• For the first time since September 2022, inventories grew in all seven subsectors in February 2025, led by the machinery, equipment and supplies subsector (+4.2% MoM to $40.0 billion)