Source: Statistics Canada
The Canada/U.S. exchange rate, as well as a notable decrease in the price of petroleum and coal products, both affected October’s manufacturing results. The change in the exchange rate had a strengthening effect for manufacturers who determine their prices in U.S. dollars. On the other hand, the price of petroleum and coal products dropped 13.5% in October, reducing the value of sales in that industry.
In constant dollars, manufacturing sales decreased 1.8% compared with September, bringing constant dollar sales to their lowest level since December 2001.
In October, 8 of 21 manufacturing industries, accounting for about 40% of total sales, posted decreases.
By Sector
Petroleum and coal …
