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Canadian Manufacturing Sales Surge in March
Description
Canadian manufacturing sales surged in March, with petroleum and coal products leading the charge, up 22.7% to $9.4 billion. Eight out of twenty-one subsectors saw gains, driven by skyrocketing energy prices due to Middle East geopolitical tensions. Ontario and Alberta led the provinces with increases of 2.2% and 4.4% respectively. Transportation equipment and chemicals also saw significant gains, hinting at a potentially volatile spring for manufacturing.
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