OTTAWA, Ont. — Weak shipments and a build-up in inventories contributed to a rise in the inventory-to-shipment ratio in December.
The ratio shifted up to 1.25 from 1.24 in November.
The inventory-to-shipment ratio is a key measure of the time, in months, that would be required in order to exhaust inventories if shipments were to remain at their current level.
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