OTTAWA, Ont. — Inventories continued to be drawn down following the end of the rail strike in February, according to Statistics Canada records.
Total inventories for manufacturers fell 0.2% to $62.7 billion in March on the heels of a similar decline in February.
Inventories hovered at near record levels for several months near the end of 2006 before easing slightly in the new year.
Overall, 11 of 21 industries decreased their inventories in March, with most of the decrease coming from motor vehicle parts (-4.9%), aerospace products and parts (-1.8%), and the primary metal sectors (-1.2%). The one major exception to inventory declines came from petroleum and coal product manufacturers, who gained 2.7%.
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