Economy

Steel Sales Boost Canada Manufacturing Sales in January
Written by Sandy Williams
March 17, 2014
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.
New orders increased to $54 billion from $52.6 billion in December and $50.8 billion in January 2013.
Manufacturing inventories were up 3.6 percent to $71.4 billion with higher inventory levels seen in almost all manufacturing industries. Aerospace product and parts led the inventory increase, jumping 6.7 percent to $8.1 billion. The higher value was partly due to the increase in value of the US dollar over Canadian currency (aerospace industry inventories are held in US dollars).
At current sales levels current inventories would be exhausted in 1.42 months compared to 1.39 months in December.
Unfilled orders rose 4.8 percent to $78.4 billion, with 75 percent of those orders within the aerospace industry. Machinery industry unfilled orders increased 4.3 percent after declining for the past five months. (Source: Statistics Canada)

Sandy Williams
Read more from Sandy WilliamsLatest in Economy

Architecture billings continue to slide in March
Architecture firms said billings continued to decline in March, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.

Beige Book shows concerns about trade policy
Manufacturing was mixed, but two-thirds of districts said activity was little changed or had declined.

New York state manufacturing index drops again in April
Firms were pessimistic, with the future general business conditions index falling to its second lowest reading in the more than 20-year history of the survey

Construction adds 13,000 jobs in March
The construction sector added 13,000 jobs, seasonally adjusted, in March, but tariffs could undermine the industry.

Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them