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Canada Factory Sales Rise 1.5% in September

By Paul Vieira

OTTAWA–Canadian manufacturing sales rebounded in September after a drop in the previous month, on record shipments from sawmills and wood producers.

Canadian factory shipments increased 1.5% in September from August to a seasonally adjusted 53.80 billion Canadian dollars, or the equivalent to $40.92 billion, Statistics Canada said Monday. Market expectations weren’t immediately available.

The prior month’s data were revised higher, and now indicate shipments fell 1.4% versus an earlier estimate of a 2% drop.

For the third quarter, Statistics Canada said manufacturing sales on a nonannualized basis surged 26.6% after four straight quarterly declines. Still, the data agency added manufacturing shipments remained 3.6% below the level set in February, or before the pandemic struck North America in earnest.

Write to Paul Vieira at paul.vieira@wsj.com

(END) Dow Jones Newswires

11-16-20 0904ET

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