Monday, September 15, 2025

Canadian Manufacturing Sales Jump 3.5% in March

Manufacturing sales jumped higher in March, as Canada’s economy continues to recover from the Covid-19 pandemic.

According to Statistics Canada, manufacturing sales rose 3.5% to $57.8 billion in March, marking the highest level since June 2019 as sales increased across 17 of the 21 industries. The the motor vehicle, petroleum and coal and food product industries were responsible for much of the boost.

Motor vehicle and motor vehicle parts manufacturers saw sales increase 10.5% to $3.6 billion, as production temporarily ramped up in March despite an ongoing global semiconductor chip shortage that has decimated numerous auto production facilities around the world. Sales in the petroleum and coal products industry jumped for the sixth straight month, rising by 6.2% to $5.3 billion.

Canada’s food manufacturing sales were up for the fifth consecutive month, increasing 2.7% to a new record-high of 9.8 billion in March. Elevated prices for fruit, vegetables, feed and other food products considerably contributed to increase. Manufacturers of wood products saw their sales rise 4.6% to yet another record-breaking high of $4.5 billion, amid higher prices stemming from a surge in housing market activity in Canada and the US.


Information for this briefing was found via 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

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Canadian Restaurant and Bar Sales Fall by Most on Record in 2020

The Covid-19 pandemic created significant negative impacts for a number of Canada’s economic sectors, causing...

Friday, February 19, 2021, 02:37:00 PM

Cost of Living Crisis: Should the Canadian Government Start Putting Price Controls on Groceries?

Canadian grocery prices have been a cause for concern as they continue to rise, affecting...

Thursday, August 3, 2023, 11:36:00 AM

Canada’s Labour Market Recovery Falls Short of Expectations in July

Canada’s economy continued its rebound in July amid strong vaccination efforts, but the latest labour...

Sunday, August 8, 2021, 11:02:00 AM

Canadian Manufacturing Sales Fell 1.5% in July

After rising 3.6% in June, Canadian manufacturing sales slumped 1.5% in July to $59.6 billion,...

Wednesday, September 15, 2021, 04:38:00 PM

Trudeau Looks to Fight Cost of Living Crisis with ‘Grocery Rebate’

A senior government official told CBC News that the federal budget that will be unveiled...

Monday, March 27, 2023, 02:14:00 PM