Canadian Manufacturing Sales Rise 1.4% to $71 Billion in July.

Statistics Canada reports gains in petroleum, coal, and chemical sectors following a June decline.

Manufacturing sales in Canada increased by 1.4% in July, reaching $71 billion.
The petroleum and coal subsector saw a 6.7% rise in sales, totaling $8.6 billion due to higher prices and demand.
Chemical product sales grew by 5.3% to $5.6 billion, driven by pharmaceutical and medicine products.
Sales of wood products fell by 4.8% to $2.9 billion, marking the lowest level since May 2023.
In constant dollar terms, overall manufacturing sales rose by 0.9% in July.