Manufacturing sales in Canada dropped a record-breaking 28.5% in April, according to Reuters. The information was pulled from Statistics Canada and the news comes as a result of the impact of the novel coronavirus. The figures are expected to improve for May. “This is a much deeper hole than initially expected, and could take even longer for the sector to dig out of than initially expected,” said CIBC Senior Economist Royce Mendes. Read the original article…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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