Canada’s Wholesale Trade, November 2025

Wholesale Sales Experience Notable Decline in November

In November, wholesale sales—excluding petroleum, related products, hydrocarbons, oilseed, and grain—dropped by 1.8% to reach $84.4 billion. This marks the second most significant decrease observed over the last two years. The primary factor behind this downturn was a sharp reduction in sales within the motor vehicles and parts sector. When the automotive category is excluded, wholesale sales actually edged up by 0.1%. Overall, four out of seven subsectors, which together account for 44.5% of the wholesale trade industry (excluding the aforementioned categories), reported lower sales. When measured by volume, wholesale sales also declined.