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Canadian Manufacturing Sales Show Modest Growth in February

Patrick D Costa

the chemical subsector saw a decline of 5.5%, with sales reaching $5.3 billion.

Canadian manufacturing sales experienced a slight increase in February, rising by 0.7% to reach $71.6 billion. This growth was primarily driven by higher sales within the petroleum and coal sector, which saw a 4.3% increase. The electrical equipment, appliance, and component sector also reported impressive growth, with sales rising 12.6% to a record $1.5 billion.

In contrast, the chemical subsector saw a decline of 5.5%, with sales reaching $5.3 billion. This decrease was attributed to lower sales of pesticides, fertilizers, and other agricultural chemicals.

Wholesale sales in Canada, excluding specific commodities, remained largely stable at $82.2 billion in February. Within wholesale, the machinery, equipment, and supplies subsector showed positive growth of 1.1%. However, the food, beverage, and tobacco subsector reported a decline of 1.3%.

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