Statistics Canada released its Monthly Survey of Manufacturing on Tuesday, which showed that the Canadian manufacturing sales rose 0.3 percent m-o-m in October to CAD54.13 billion, following a revised 2.2 percent m-o-m increase in September (originally a 1.5 percent m-o-m gain).

Economists had forecast a 0.6 percent m-o-m advance for October.

According to the survey, sales increased in 10 of 21 manufacturing industries led by the paper (+5.4 percent m-o-m), petroleum and coal (+3.1 percent m-o-m) industries.

Overall, sales of non-durable goods industries jumped 0.6 percent m-o-m, while sales of durable goods industries were flat m-o-m in October.