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Manufacturing Sales Rose in July: StatsCan

Posted September 17, 2014

Under Economic Issues

(Craig Wong – Global News)

Canada’s manufacturing sector posted record sales for July and topped expectations as it gained 2.5%.

Statistics Canada said Tuesday that manufacturing sales for July, the first month of the third quarter, totalled $53.7 billion – beating the previous record of $53.2 billion set in July 2008. Economists had expected a gain of 1%, according to Thomson Reuters.

TD Bank economist Brian DePratto said “manufacturers started the third quarter with a bang.” Read more here.