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Advance forecast calls for drop in manufacturing sales in October
Canadian manufacturing sales are forecasted to show a 2.7% drop for October, according to Statistics Canada's advance estimate. Sales had grown 0.4% in September. PHOTO courtesy Okuma.
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Headline figures and underlying details tell two different stories for manufacturing outlook
The headlines from the third monthly increase in Canadian manufacturing sales are masking weakness in forward-looking indicators, says CME chief economist.
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Canadian manufacturing sales edge upwards
Canadian manufacturing sales were up 0.4% in September compared to the previous month and 3.3% on a year-over year basis. Total sales also rose 1.3% for the third quarter. PHOTO courtesy Hexagon.
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Manufacturing sales increase in five provinces, led by Alberta and Quebec
Fabricated metal sales had a particularly strong showing in September in Alberta but dipped in Ontario. PHOTO courtesy BLM.
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Total Canadian manufacturing inventories on the increase
Canadian manufacturing inventories increased 1.5% in September with goods in process, raw materials and finished products all contributing to the increase. PHOTO courtesy Prima Power.
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Capacity utilization rate dips for Canadian manufacturing
Lower production has made for a dip in Canadian manufacturing capacity utilization. PHOTO courtesy Ford. The capacity utilization rate (not seasonally adjusted) for the total...
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September 2023 manufacturing technology orders down, still above historical averages
Though 2023 manufacturing orders are down compared to the previous year, activity is still above long-term historical averages. PHOTO courtesy FFG.
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Manufacturing employment down for second time in three months
Manufacturing wages in Canada remained elevated although manufacturing employment was down for the second time in three months. PHOTO courtesy Lincoln Electric.
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Limited spots left in Career Ready with CTMA program
CTMA says its Career Ready with CTMA: Expanding Opportunities program is nearly full and association members will need to move quickly to secure the...
