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Canada Q4 Capacity Utilization -0.9% From Year Earlier

CANADA DATA
  • Total industrial capacity utilization -0.9% from Q4 2023, -0.1% QOQ,.  
  • Canadian industries operated at 78.7% of their production capacity in Q4  vs 78.8% in
    Q3. 
  • Construction utilization rate -0.7 pp to 82.7% in Q4, -3.5% YOY, decline is at odds with talk of massive housing shortage but consistent with drag of BOC's rate hikes.  
  • Manufacturing sector fell 0.7 pp to 76.9% in Q4, decline was mainly due to a slowdown in petroleum and coal products and chemicals.

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