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U.S. markets recover from steep losses
OTTAWA, Jan. 19 (UPI) -- The machinery sector led Canadian manufacturing sales to rise 2 percent to $49.6 billion in November, Statistics Canada reported Thursday.
Machining sales jumped 13.4 percent to $3.4 billion while automotive manufacturers reported a 7.1 percent sales increase to $4.1 billion, the agency said.
"Sales in the petroleum and coal product industry advanced 3.9 percent to $7.6 billion, the fourth increase in five months," StatsCan said. "The overall sales increases were somewhat offset by declines in the computer and electronic product industry, down 11 percent to $1.2 billion."
Among the 10 provinces, only New Brunswick posted a monthly decline in manufacturing sales of 4 percent.
Ontario led the pack, with manufacturers reporting a 2 percent increase in sales to $22.5 billion, the agency said.
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