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    FRANK LEO & ASSOCIATES

    #1 RE/MAX TEAM IN TORONTO & THE GTA**
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    Wholesale and Manufacturing Sales Soared in March, Says Statistics Canada

    Wholesale and manufacturing sales in Canada peaked in March and then dropped back down in February. On Friday, Statistics Canada said in June 2019 manufacturing sales hit their highest level and then gained an additional 3.5 percent in March to generate $57.8 billion.

    The gains are linked to the auto industry as they temporarily sped up production even with a global semiconductor shortage. Motor vehicle sales saw an increase of 10.5 percent and motor vehicle parts rose 7.7 percent. But some auto manufacturers have announced plans to reduce output in certain assembly plants in Toronto.

    Petroleum and coal products industry sales have gained 6.2 percent, and food manufacturing sales increased 2.7 percent which was a record high in March. Also, the sales of building materials and supplies rose 11.3 percent.

     

    For more information on the source click HERE