Canada’s Capacity Utilization Rises in Q3

Industrial capacity utilization rate in Canada rose during the third quarter (Q3) of 2020, but remained at a record low level, data showed on Friday.

The capacity utilization rate reached 76.5% in Q3, rising by 5.8% on a quarterly basis, compared with its level in Q2 at 70.7%, according to Statistics Canada.

This is the lowest reading for the rate level since the Q4 of 2009.

It is worth noting that during Q1 of 2020, the capacity utilization rate stood at 80.3%.