Canadian manufacturing sales have experienced an unexpected upsurge in August according to Statistics Canada, a reassuring recovery for the country’s economy after an unforeseen contraction in the second quarter.
The shrink in the prior quarter was caused by a major wildfire in the oil-producing province of Alberta in May.
Statistics Canada stated that manufacturing sales increased 0.9% to $51.1bn in August, however, with eight provinces recording increases.
The main sales areas include food, primary metal, and petroleum and coal products, with the only decreases in sales taking place in the transportation equipment industry and the fabricated metals industry. The primary metals industry however, has posted a 3.6% gain to reach C$3.89bn.
... to continue reading you must be subscribed
