(Paul Vieira – WSJ)
Canadian factory shipments rose at double the expected pace in September on strong aerospace sales, softening the impact of the previous month’s sharp decline.
The report is likely to be welcomed by Canadian policy makers, who are relying on the country’s manufacturers and exporters to capitalize on an improving U.S. economy and a weaker Canadian currency to stoke growth and job creation.
Factory sales rose 2.1% to 52.98 billion Canadian dollars ($46.57 billion), Statistics Canada said Friday. Expectations were for a 1% advance, according to economists at Royal Bank of Canada. Read more here.