Statistics Canada reported that Canadian industries reduced their use of production capacity for a fifth straight quarter in the third quarter, with a majority of sectors, especially the automobile and construction sectors, contributing to the downturn.
Industries operated at 77.4% of their capacity, down from 77.7% in the second quarter. This was the rate’s lowest level since data were first kept in 1987. The rate in the third quarter of 2008 was 9.7 percentage points below its peak of 87.1% reached in the fourth quarter of 2000.
In the transportation equipment manufacturing industry, almost two-thirds of which consists of automobile and parts manufacturers, capacity …
Canada Production Capacity Falls to Lowest Level in 15 Years
Statistics Canada reported that Canadian industries reduced their use of production capacity for a fifth straight quarter in the third quarter, with a majority of sectors, especially the automobile and construction sectors, contributing to the downturn.
Industries operated at 77.4% of their capacity, down from 77.7% in the second quarter. This was the rate’s lowest level since data were first kept in 1987. The rate in the third quarter of 2008 was 9.7 percentage points below its peak of 87.1% reached in the fourth quarter of 2000.
In the transportation equipment manufacturing industry, almost two-thirds of which consists of automobile and parts manufacturers, capacity …
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