top of page
Recent Posts

Q3 Industry Update - Canadian Manufacturing Sector

Industry Update - Canadian Wholesale Sector

Quarterly Update

Manufacturing Sales Gain Momentum

Canadian manufacturing sales picked up steam in June, rising 20.7% on a month-over-month basis after growing 11.6% in May, according to Statistics Canada.

Motor Vehicles & Transportation lead

However, Canada’s manufacturing sales in June were still 13.2% below the pre-pandemic level recorded in February. June’s gains were led by a 281.6% jump in motor vehicle sales and a 190.3% increase in sales of motor vehicle parts as most transportation equipment plants returned to near-full production after the shutdowns. Sales also improved for petroleum and coal products which saw an increase of 31.5%. Almost every other industry in Canada’s manufacturing sector grew in June, with significant improvement in textile mills, and clothing and allied goods as well as aerospace products and parts.

Capital Spending is down

However, uncertainty stemming from the pandemic is causing manufacturers to reduce 2020 capital spending by an anticipated 18.5% compared to 2019. A reduction in capital spending could slow the recovery by reducing capacity utilization, and hurting demand for machinery and equipment used in manufacturing.

News Spotlight

"Statistics Canada Says Manufacturing Sales Posted Record Gain in June"


Malahat Valuation Group specializes in Business Valuation and Real Estate appraisals to owners of privately owned companies and their professional advisors. We answer the age old question of "what is it worth"?

We provide our clients and their advisors a piece of mind by providing professional valuations that stand up to scrutiny from market participants, the Courts and CRA.

Malahat Valuation Group Inc.



bottom of page