Manufacturing sales fall 2.8 per cent in April, biggest monthly drop since 2023

The Canadian Press

· Posted: Jun 13, 2025 10:37 AM EDT | Last Updated: 2 hours ago

Statistics Canada says manufacturing income fell 2.8 per cent successful April, the largest monthly driblet since October 2023, arsenic the tariff quality with the United States deed the industry.

The bureau says manufacturing income basal astatine their lowest level since January 2022 aft a 2nd consecutive monthly drop.

Drops successful income of petroleum and ember products (down 10.9 per cent), centrifugal vehicles (down 8.3 per cent) and superior metals (down 4.4 per cent) drove the decline.

"Manufacturing and wholesale income were some weaker than expected successful April, suggesting monthly GDP whitethorn besides beryllium revised little comparative to its archetypal estimate," wrote Andrew Grantham, elder economist astatine CIBC Capital Markets.

While the commercialized warfare kicked disconnected successful March, April marked the archetypal afloat period of tariffs from the United States successful galore sectors — peculiarly targeting Canada's steel, aluminum and automotive industries.

Roughly fractional of manufacturers surveyed by Statistics Canada accidental they were being affected by tariffs successful immoderate signifier successful April, arsenic did 43 per cent of wholesalers.

A abstracted merchandise from Statistics Canada says wholesale income fell 2.3 per cent successful April, with the centrifugal vehicles parts and accessories subsector starring the drop.