Canada’s investment in inventories rose sharply to $26.9 billion in the second quarter of 2025, then fell to a $12.6 billion shortfall in the fourth quarter before recovering to $10.6 billion in the first quarter of 2026, Statistics Canada reported. Business investment mirrored the overall pattern, peaking at $26.9 billion in Q2 2025 and dipping to $12.4 billion in Q4 2025. Non‑farm inventories saw a similar swing, growing to $18.6 billion in Q2 2025 before falling to a $16.9 billion deficit in Q4 2025. In manufacturing, investment rose to $6.2 billion in Q2 2025, fell to $1.7 billion in Q3, and fell further to a $16.8 billion shortfall in Q4 2025. Retail and wholesale inventories fluctuated with peaks of $3.9 billion and $8.2 billion in Q2 2025, respectively. These quarterly figures reflect changes in inventory levels across the Canadian economy.
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