Manufacturing sales jump to $51B in August, signalling 3Q rebound

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OTTAWA – Canadian manufacturing sales in August jumped much more than expected on widespread strength, reinforcing expectations that broad economic growth rebounded in the third quarter.

Statistics Canada said on Tuesday that sales rose by 0.9 percent from July to hit C$51.12 billion ($39.02 billion) as eight of the country’s 10 provinces recorded increases. Market analysts polled by Reuters had forecast a 0.2 percent gain.

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