Home / Market Update / Canada’s Manufacturing Sales Rise 20.7% in June

Canada’s Manufacturing Sales Rise 20.7% in June

Manufacturing sales in Canada grew by a record 20.7% to CAD 48.7 billion in June, after rising by 11.6% increase in May, according to data by Statistics Canada.

Many factories operated at a much higher capacity in June, with the capacity utilization rate for the total manufacturing sector increasing by 10.9% to 73.3%.

Sales were up in all 21 industries, led by the motor vehicle and motor vehicle parts industries.

Check Also

Gold Climbs Toward Weekly Win: Iran Peace Hopes and Hormuz Tensions Set Stage for Jobs Data Showdown

Key Takeaways Gold rises: Spot gold gained 0.8% to $4,723.52 per ounce, while U.S. gold …