OTTAWA, Ont. — With shipments dipping and inventory levels increasing slightly, the inventory-to-shipment ratio edged up to 1.29 in June, according to Statistics Canada.
The ratio had reached a recent low of 1.25 in March after having peaked at a three-year high of 1.33 in October 2006.
The inventory-to-shipment ratio is a measure of the time, in months, that would be required to exhaust inventories if shipments were to remain at their current level.
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