Wednesday, July 2, 2025

Canadian Manufacturing Sales Fall by Record in April

Following strict social distancing measures and mandatory shutdowns in April, new data has emerged regarding the state of Canadian manufacturing sales.

According to Statistics Canada, April saw a record decline of 28.5% in manufacturing sales, after an only a 9.8 drop in the month prior, Refinitiv, a financial markets data firm, had predicted only a 20% decline in April. However, the month of May is anticipated to show a rebound in the industry, given that many firms are starting to resume production amid the easing of restrictions.

April saw a decrease of 24% in hours worked in the manufacturing sector, but in May those hours worked increased by 11%. Although data is indicative of a rebound, it may take some time before manufacturing sales are at pre-pandemic levels. Statistics Canada reported that at least 85.2% of manufacturing firms have in some way been impacted by COVID-19, with transport equipment sales falling by 76.4%, meanwhile petroleum and coal sales decreased by 46.4%.


Information for this briefing was found via Bloomberg and Statistics Canada. The 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

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Apple Plans to Move 20% of Production from China to India in Response to Coronavirus Chaos

As the coronavirus pandemic continues to wreak havoc around the world, several large companies are...

Wednesday, May 13, 2020, 12:02:00 PM

“Enough With The Woke Sh*t!”: MP Michelle Rempel Garner Says Canadians Have Had Enough

On Tuesday, the House of Commons heard some “unparliamentary” language from the immediately apologetic Conservative...

Thursday, October 6, 2022, 11:05:00 AM

US Urges Canada to Increase NATO Military Spending ‘As Rapidly As Humanly Possible’

Jake Sullivan, US President Joe Biden’s national security adviser, has called on Canada and other...

Tuesday, August 27, 2024, 08:02:10 AM

Canadian Consumer Prices Still Aren’t Cooling as Food, Shelter Inflation Rise

Consumer prices across Canada remained elevated in November, as core inflation fails to cool. Particularly,...

Wednesday, December 21, 2022, 09:41:02 AM

Canadian Business Sentiment Soars to New High as Economy Continues to Reopen

As Canada’s vaccine rollout gains even further momentum and public health restrictions continue to be...

Tuesday, July 6, 2021, 11:48:00 AM