Canada’s wholesale trade fell 1.8% month-on-month to C$84.4 billion in November 2025, following a 0.1% rise in October and way below expectations for a 0.1% expansion. Sales fell in four of seven subsectors, representing roughly 44.5% of total wholesale activity. Motor vehicles and parts declined 11.5% to C$12.9 billion, while food, beverage and tobacco wholesalers posted a 3.1% jump to C$16.3 billion. Offsetting these changes, building material and supplies wholesalers recorded a notable decline. Ontario led provincial performance with a 3.9% fall to C$42.5 billion; excluding Ontario, national wholesale sales rose 0.1%. Wholesale inventories rose 0.6% to C$136.0 billion.

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