OTTAWA, Ont. — Total inventories for manufacturers increased 0.3% to $63.5 billion in October, the fourth increase in a row.
Transportation equipment inventories increased 1.6% to $8.8 billion the highest level since March 2006, according to Statistics Canada data. The aerospace industry had the largest gain, rising 2.9% to $4.0 billion, followed by the automotive industry, which increased 4.8% to $1.5 billion.
Chemical inventories were up for the ninth time this year, up 0.9% to a record $7.2 billion.
By stage of fabrication, inventories of raw materials fell marginally while goods in process and finished product inventories increased in October.
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