Monday, October 6, 2025

Latest

Canadian Manufacturing Sales Declined 1.6% In February

Following a significant increase observed at the beginning of the year, Canadian manufacturing sales dropped by 1.6% to $55.4 billion in February, amid lower sales of transportation equipment. However, the declines were moderately offset by sales increases in the petroleum and coal product, chemical, and wood product industries.

Motor vehicle sales in Canada fell by 14.5% to a total of $3.3 billion in February, following a decline of 9.1% in the month prior. This is the lowest level since May 2020, and is largely the result of the ongoing global semiconductor chip crisis that has plagued numerous automakers around the world. The reduced pace of vehicle manufacturing also affected the sale of plastics and rubber products, which fell 8.7% to $2.7 billion in February.

Meanwhile, sales in the petroleum and coal product industry grew by 6.5% to $4.7 billion, marking the fifth straight month of increases and the highest level since February of last year. However, as Statistics Canada notes, the industry’s gains were entirely the result of higher prices, as sales volumes actually declined by 3.3%. The production of petroleum significantly decreased in the US during February’s abnormally cold temperatures, and when combined with higher global demand, lead to the price increase.

Chemical sales also increased in February, rising by 3.8% to $4.7 billion to the highest level since November 2018. Wood product sales also noted a considerable increase for the third consecutive month, rising by 4% to $4.3 billion amid higher volumes and prices. Lumber and other wood product prices jumped by 5.2%, while goods volume rose by 0.2%.

Total inventories increased 0.8% in February, reaching a total of $88.7 billion— the highest since May 2019. Higher inventory levels were primarily attributed to increased inventories of beverages and tobacco products, primary metals, and petroleum and coal products. However, inventory levels declined in the aerospace product and parts, furniture and related products, and plastics and rubber products industries. In the meantime, the inventory-to-sales ratio, which measures the number of months it would take to exhaust all inventories, inched from 1.56 in January to 1.6 in February.


Information for this briefing was found via Statistics Canada. Thee author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Canada to Start Tracking Gig Workers’ Income Under New Tax Rules

Canada will require digital platforms like Uber and DoorDash to disclose their workers’ earnings to...

Thursday, January 2, 2025, 07:45:53 AM

Poilievre Blasts Trump Tariffs, Announces Plan to Boost Canadian Investments

Conservative Leader Pierre Poilievre on Thursday called on US President Donald Trump to end his...

Friday, March 28, 2025, 11:40:00 AM

UPDATED: U.S. F-22 Shoots Down Unidentified Flying Object Over Canada, Recovery Operations Underway

After the Chinese balloon debacle that occurred last week, it appears that Canada and the...

Saturday, February 11, 2023, 05:30:39 PM

Universities Canada Warns of Enrollment Collapse But Won’t Release Specific Numbers

International student enrollment in Canada has plunged far below government targets, with new arrivals projected...

Thursday, August 28, 2025, 08:25:45 AM

Canada’s Trade Surplus Slumps to $778 Million in July Amid Influx of Car Imports

Canada’s trade surplus narrowed in July, as imports soared to a new record-high, significantly outpacing...

Friday, September 3, 2021, 11:41:00 AM