wednesday announcement: By Sunny Freeman Business Reporter Tues., Oct. 18, 2016 Canada manufacturing sector brought in a surprising $51.1 billion in August sales — another piece of data signalling a Bank of Canada rate change at Wednesday announcement is unlikely, according to The Toronto Star. Statistics Canada reported a 0.9-per-cent increase in August manufacturing sales on Tuesday. In August, Canadian the food manufacturing sector pumped out a record high of $8.6 billion in sales. It was a surprise to economists, who had expected a jump one-third the size, about 0.3 per cent, according to Thomson Reuters. The rise in output was broad-based, with sales up in 15 of 21 industries, or 69 per cent of the sector. The increase in the volume of sales was even bigger, at 1.2 per cent.
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