Statistics
Canada released its Monthly Survey of Manufacturing on Monday, which showed
that the Canadian manufacturing sales rose 1.5 percent m-o-m in September to CAD53.80
billion, following a revised 1.4 percent m-o-m drop in August (originally a 2.0
percent m-o-m decline).
Economists had
forecast a 1.5 percent m-o-m advance for August.
According to
the survey, sales increased in 13 of 21 manufacturing industries led by the
wood (+9.6 percent m-o-m), chemical (+6.7 percent m-o-m) and food (+1.3 percent
m-o-m) industries.
Overall, sales
of durable goods industries went up 1.2 percent m-o-m in September, while sales
of non-durable goods industries jumped 1.9 percent m-o-m.