OTTAWA, Ont. — The inventory-to-shipment ratio rose for the third consecutive month due to lower shipments in October.
After hitting a record low of 1.21 in June and July, the ratio has inched up to 1.25 in October, the highest point since February 2004 (1.27), Statistics Canada reports.
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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