Business
Canadian Factory Sales Rise 1.3% to Record in May
OTTAWA—Factory sales in Canada reached a record high in May, extending the recovery by the country’s manufacturers despite lingering trade concerns that supports a rebound for the economy after recent weakness.
Manufacturing shipments rose 1.3% from the month before to a seasonally adjusted 78.09 billion Canadian dollars, the equivalent of about US$55.55 billion, Statistics Canada said Wednesday. Compared with a year earlier, sales were up 13.4%.
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