Economy
March 17, 2014
Steel Sales Boost Canada Manufacturing Sales in January
Written by Sandy Williams
Canadian manufacturing sales took its largest jump since February 2013, rising 1.5 percent to $50.4 billion. (Note all dollar amounts are Canadian: 1 Canadian dollar = $.90 US dollar.)
Sales were up in 45 percent of the manufacturing sectors in January with primary metal sales leading the gains. Sales for primary metals jumped 8 percent to $3.8 billion due to higher sales by iron and steel mills and ferro-alloy manufacturers, along with an increase in prices.
