Wholesale sales in Canada declined 1.3 percent month-over-month to CAD 66.5 billion in December of 2020, slightly less than initial estimates of a 1.7 percent drop. Still, it is the first decline in wholesale sales after seven consecutive increases, mainly due to sharply lower sales of motor vehicles and motor vehicle parts and accessories (-4.3 percent); and machinery, equipment and supplies (-3.1 percent). These declines were modestly offset by higher sales in the miscellaneous subsector (2.9 percent). Despite the December fall, sales for the month were still 3 percent higher than levels observed before the COVID-19 pandemic. In 2020, sales in the wholesale sector in Canada decreased for the first time since 2009, shrinking 1 percent to CAD 754 billion as a result of the COVID-19 pandemic. These lower sales offset previous gains made in 2019 (1.5 percent) and 2018 (3.6 percent). source: Statistics Canada
Wholesale Sales in Canada averaged 0.43 percent from 1993 until 2020, reaching an all time high of 18.50 percent in June of 2020 and a record low of -21.50 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 February of 2021.
Wholesale Sales in Canada is expected to be 1.10 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 1.00 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.