The wholesale trade gross margin in Canada is projected to improve steadily over the forecast period. In 2023, the gross margin value stood at a lower baseline compared to 2024's projected value of 17.2. This indicates a gradual recovery starting in 2024, with incremental growth each year, reaching 17.5 by 2028. Year-on-year improvement suggests a positive outlook.
Future trends to watch for include:
- The impact of technological adoption in supply chain efficiency.
- Potential changes in trade policies influencing import costs.
- Consumer demand shifts that could affect wholesale pricing strategies.
