Wholesale sales in Canada inched up 0.5 percent over a month to CAD 72.2 billion in May of 2021, the third straight monthly gain but missed market expectations of a 1.1 percent rise. Sales were higher in four out of seven subsectors, with the most significant contribution stemming from the food, beverage & tobacco subsector (+2.7%), reflecting the lifting of COVID-19 restrictions. To a lesser extent, sales also increased for the machinery, equipment & supplies (+0.5%) and the building material & supplies (+0.5%) subsectors. Across Canadian provinces, Ontario provided the most support (+1.3% to CAD 35.6 billion), followed by British Columbia (+5.3% to CAD 8.2 billion), while Quebec contributed with a significant decrease (-1.2% to CAD 14.4 billion), partly due to strikes at the Montreal port in April and May, which caused an estimated loss of around CAD 230 million in wholesale sales. source: Statistics Canada
Wholesale Sales in Canada averaged 0.45 percent from 1993 until 2021, reaching an all time high of 19.30 percent in June of 2020 and a record low of -22 percent in April of 2020. This page provides - Canada Wholesale Sales MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Wholesale Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
Wholesale Sales in Canada is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wholesale Sales in Canada to stand at 1.80 in 12 months time. In the long-term, the Canada Wholesale Sales MoM is projected to trend around 1.50 percent in 2022, according to our econometric models.