Manufacturing sales rose for the third consecutive month, up 0.6% to $53.8 billion in January. The gain stemmed from a 2.3% increase in non-durable goods sales, led by the petroleum and coal, and chemical industries.
Sales were up in 14 of 21 industries, representing 75.4% of the total Canadian manufacturing sector.
In constant dollars, sales increased 0.7%, indicating that higher volumes of manufactured goods were sold in January.
via StatCan
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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