Manufacturing sales fell 0.8% in June: Statistics Canada

The move lower came as sales fell in eight of the 21 industries tracked by the agency and followed a 1.1 per cent drop in May.

Statistics Canada said sales in the petroleum and coal industry fell 7.8 per cent in June as concerns over the global economic slowdown led to lower demand for energy products and contributed to the lower sales. Wood product sales fell 7.2 per cent in June, while aerospace product and parts dropped 16.8 per cent. Meanwhile, sales of motor vehicles rose 13.8 per cent.“Manufacturing sales volumes only inched up in June and, with the manufacturing surveys on both sides of the border weakening in recent months, the outlook is growing even more challenging,” said Stephen Brown, senior Canada economist at Capital Economics.

Yaaaay! TeamTrudeau!

No worries! fordnation pumping 15 billion of grants to Ontario to make these numbers better, for 9 billion in GDP!!!! cdnpoli A real conservative is our bee chomping Premier, all for Big Unions and people like Volpe and his old buddy Dias...oops he is gone, I forgot...

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum [ETH]: Read this before you decide to cash in on that FOMOThere is undeniable excitement in the market as the Ethereum Merge draws closer. The same is evident in ETH’s price action too, with the same managing to rally back above the $2,000-price level. Now, it is easy to get caught up in the hype and the FOMO, but ETH traders should be wary of potential […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

Jack Knox: We live longer if we read, study says, but does quality matter?Book Bash is encouraging people to read more
Source: timescolonist - 🏆 15. / 75 Read more »

Jack Knox: We live longer if we read, study says, but does quality matter?Book Bash is encouraging people to read more
Source: PGCitizen - 🏆 65. / 51 Read more »

Jack Knox: We live longer if we read, study says, but does quality matter?Jack Knox: We're not reading trash, we're living longer
Source: timescolonist - 🏆 15. / 75 Read more »

Good morning, Thunder Bay!Read the full story and comment on Tbnewswatch.com
Source: tbnewswatch - 🏆 75. / 51 Read more »

UPDATED: Fire closes Mapleward Road landfill siteRead the full story and comment on Tbnewswatch.com
Source: tbnewswatch - 🏆 75. / 51 Read more »