Statistics Canada released its capacity utilisation rate on Thursday. Canadian capacity utilisation rate climbed to 82.0% in the third quarter from 81.4% in the second quarter. The second quarter's figure was revised up from 81.3%.

The increase was mainly driven by a fall in the mining, quarrying, and oil and gas extraction and manufacturing industries. The capacity utilisation rate in the mining, quarrying, and oil and gas extraction industry rose to 76.9% in the third quarter from 74.4% in the second quarter, while the capacity utilisation rate in the manufacturing industry climbed to 83.1% from 82.4%.

The capacity utilization rate was up in 14 of the 21 major categories in the manufacturing sector in the third quarter.