Canada Wholesale Trade Falls in July

Canada’s wholesale trade is estimated to have decreased 0.6% month-over-month in July 2026, following a 2.8% increase in the previous month, marking the first decline since January. The advance results for July indicate lower sales in the agricultural supplies and mineral, ore and precious metals industry groups within the miscellaneous subsector.

Wholesale sales in Canada, excluding petroleum and hydrocarbon products, jumped by 2.8% from the previous month in June of 2026, revised marginally higher from the preliminary expectations of 2.7%, to mark the sharpest increase since May of 2023. Machinery sales surged 4.8% in the period to C$20.1 billion, driven by farm, lawn, and gardening machinery and equipment, which rose 25.9% to C$3.1 billion. Meanwhile, sales also rose sharply for food, beverage, and tobacco (2.8% to C$16.4 billion). Wholesale inventories, also excluding hydrocarbons, rose 1.2% to C$140.4 billion.

Canada's wholesale trade is estimated to have risen by 2.7% month-over-month in June 2026, the most since May 2023, according to advance estimates. The anticipated increase partly reflects higher sales in the machinery, equipment and supplies subsector.