OTTAWA, Ont. — Manufacturers’ inventories continued their steady climb, rising 0.3% to $66.3 billion in February, Statistics Canada reports.
The trend for inventories has been positive for over two years.
All three stages of fabrication increased in February. In anticipation of future shipments, manufacturers boosted their raw material inventories by 0.4% to $28.7 billion, the fourth increase in five months.
Goods-in-process (+0.3%) and finished product (+0.2%) inventories also closed the month on a slightly higher note.
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