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Mar 16

Statistics Canada says manufacturing sales rose 3.1 per cent in January

OTTAWA — Canadian manufacturing sales beat expectations as they rose 3.1 per cent to $56.2 billion in January to top their pre-pandemic mark set in February 2020 for the first time.

Economists on average had expected an increase of 2.5 per cent for the month, according to financial data firm Refinitiv.

The result was the latest economic data point to come in better than expected, pointing to strength in the economy to start the year.

Source: Yahoo Finance

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