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Canadian Manufacturing Sales Continue To Rise

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Canadian manufacturing sales rose 1.6% in December to $43.0 billion, according to official data released Tuesday. The gains in the transportation equipment industry fueled the sixth increase in overall manufacturing sales in seven months and the highest level since December 2008, Statistics Canada said.

Gains in the aerospace product and parts, the motor vehicle and the petroleum and coal product industries were largely responsible for December's increase.

Sales advanced in 11 of the 21 manufacturing industries for December.

Manufacturing sales advance in several industries Production in the aerospace product and parts industry rose 28.1%, following a 17.1% decline in November.

Sales in the motor vehicle industry increased 4.4% in December to $3.6 billion. Sales have been rising since January 2009.

The petroleum and coal products industry reported a sales increase of 2.4% in December. The gain reflected greater sales volumes reported by several refineries.

(Market News Provided by RTTNews)

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