Manufacturing Sales Rebound in May, Still Well Below Pre-Pandemic Levels
HIGHLIGHTS Manufacturing sales rose 10.7 per cent to $40.2 billion in May. Sales increased in 9 of 11 major industries, headlined by a substantial rebound in motor vehicles and parts. Sales were up in 8 of 10 provinces, led by Ontario and Quebec. The inventory-to-sales ratio inched down from a record 2.41 in April to [...]