NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

UPDATE 1-Canada capacity utilization sees biggest rise on record in Q3

Published 2016-12-08, 08:43 a/m
© Reuters.  UPDATE 1-Canada capacity utilization sees biggest rise on record in Q3

(Adds details from report)

OTTAWA, Dec 8 (Reuters) - Canada's industrial capacity saw its biggest gain on record in the third quarter as oil and gas production resumed following wildfires in northern Alberta, data from Statistics Canada showed on Thursday.

Capacity utilization rose to 81.9 percent from a revised 79.7 percent in the second quarter. The rise was the largest quarterly increase since the agency began tracking industrial capacity in 1987.

Oil and gas extraction was the main contributor, with capacity in the sector rising to 82.3 percent. Wildfires in the Fort McMurray area in May, as well as scheduled maintenance outages, had disrupted operations in the second quarter.

In the manufacturing sector, firms operated at 82.6 percent of capacity, up from a revised 81.9 percent in the second quarter. The sector was lifted by manufacturing in non-durable goods, including in the food manufacturing industry.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Graphic - Canada economic snapshot:

http://tmsnrt.rs/2e8hNWV

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.