Canada Wholesale Transactions Decline 2.3% in April

By Paul Vieira

OTTAWA--Canadian wholesale transactions fell in April, far deeper than expectations, on weakness in the motor vehicle sector.

Wholesale sales in April were down 2.3% from the previous month at a seasonally adjusted 84.02 billion Canadian dollars, the equivalent of $61.76 billion, Statistics Canada said Friday. The data agency's early estimate on April's wholesale data pointed to a 0.9% decline.

This marked the biggest drop since June 2023.

Compared with a year earlier, nominal wholesale sales rose by a meager 0.1%.

Wholesalers--the largest component of Canada's services sector--connect farmers or manufacturers that produce goods with companies and public institutions that use them. They also import goods from other countries and redistribute them within Canada.

Write to Paul Vieira at [e-mail]

(END) Dow Jones Newswires

06-13-25 0909ET