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Economic Calendar

Canada Manufacturing and Wholesale Sales Show Strong June Momentum

Canada Wholesale Sales Rise Most in 3 Years

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 Manufacturing Sales Edge Higher in June

Canada’s manufacturing sales rose 0.1% month-on-month to C$78.8 billion in June 2026, following a 1.3% increase in May and beating estimates for a 0.1% decline. Sales increased in 15 of the 21 subsectors surveyed. Chemical sales rose 6.0%, marking a fourth consecutive monthly gain and reaching their highest level since October 2022, driven largely by higher sales of pharmaceutical products, resin, synthetic rubber, and artificial and synthetic fibres and filaments. Sales in the transportation equipment subsector increased 2.8%, extending its monthly growth streak to five months, led by gains in motor vehicle parts (6.2%) and aerospace products and parts (6.0%). Meanwhile, sales of petroleum and coal products fell 14.1% after three consecutive monthly increases, driven by lower prices for petroleum and energy products.

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