(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.