Wholesale sales (excluding petroleum and oilseed/grain) fell -2.3% MoM in April to $84.0 billion but were up 0.1% YoY.

• Volume of wholesale sales declined -2.2% MoM, the largest monthly decline since June 2023.
• The motor vehicle and parts subsector led the decline, down -6.5% MoM to $14.3 billion, driven by a -7.7% MoM drop in motor vehicle sales.
• The miscellaneous subsector dropped -3.8% MoM, while food, beverage, and tobacco rose +1.2% MoM.
• Ontario led the provincial decline (-2.1% MoM), followed by Saskatchewan (-13.2%) and British Columbia (-5.7%).
• Inventories declined -0.2% MoM to $129.4 billion; the inventory-to-sales ratio increased to 1.54 from 1.51.