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MNI BRIEF: Canada Factory Sales Rise 0.5%, Near Record High

(MNI) OTTAWA
(MNI) Ottawa

Canadian factory sales rose 0.5% in August to a near-record CAD60.3 billion, the federal statistics office said Thursday, climbing 15% from a year earlier on record demand for chemicals and metals. The gain came even as auto-making plunged 8.7% amid the microchip shortage.

Excluding motor vehicles and parts, factory sales rose 1.6% in August. Statistics Canada also boosted its estimates for sales in the prior three months.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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