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Oct. Factory Sales -0.7% to C$57.1B,....>

CANADA DATA
CANADA DATA: Oct. Factory Sales -0.7% to C$57.1B, MNI Median +0.1% 
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- Lower sales in transportation equipment (-3.1%) and fabricated metal 
(-8.2%) mainly drive the October decline. 
- Sales in transportation equipment decreases due to UAW strike in U.S. 
- Sales excluding autos 0.0%.
- Declines mostly offset by increases in petroleum/coal products (+6.2%) 
and food industry (+1.9%).
- In constant dollars, total sales -0.4% M/M. 
- Inventory-to-sales ratio increased to 1.54; close to the highest 
record (1.55) since 2009. 
- Total inventories -0.4% to C$87.6B in October. 
- Capacity utilization rate +0.8pp% to 80.1%; led by petroleum/coal 
products. 

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