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Canadian Jan factory sales -0.2% vs MNI......>

CANADA
CANADA: Canadian Jan factory sales -0.2% vs MNI Median -0.5%
*Decline is the fifth in a row, led by auto assembly after GM plant shutdown
(-12%) and petroleum (-5.2%).
*Sales fell in 9 of 21 industries, food aided the gainers.
*Inventories/sales ratio rose to 1.56 from 1.55, new high back to last
recession.
*Sales -1.2% YOY.

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