Canadian factory activity expands at record pace in March :

Canadian factory activity expands at record pace in March


By Reuters Staff
2 Min Read
FILE PHOTO General view of Trans Alta Cogeneration Plant, a gas turbine electricity plant, in Sarnia, Ontario, Canada March 20, 2021. Picture taken March 20, 2021. REUTERS/Carlos Osorio/File Photo
TORONTO (Reuters) - Canadian manufacturing activity grew at its fastest pace on record in March as easing of COVID-19 restrictions helped bolster production and new orders, data showed on Thursday.
The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) rose to a seasonally adjusted 58.5 in March from 54.8 in February, posting the highest reading in the 10-year history of the survey. A reading above 50 shows growth in the sector.

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