Source: Statistics Canada, www.statcan.ca
Canadian manufacturers started 2008 with a modest but positive lift in sales. Manufacturing sales increased by 1.3% in January to $49.3 billion, as the sector struggled to spring back from the three-year low posted in December (-3.7%).
Notwithstanding January’s increase, manufacturing sales, which have been trending downward for much of the last year, remained 7.1% below the recent peak reached in March 2007 ($53.1 billion) and with the exception of the previous month, January 2008 marked the lowest sales level since March of 2005.
Much of the weakness continued to come from the motor vehicle and parts …
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