OTTAWA, Ont. — After peaking at a three year high of 1.33 in October 2006, the inventory-to-shipment ratio has decreased slowly, sliding to 1.25 in March from 1.29 in February, according to Statistics Canada.
March’s ratio was at the lowest level since January 2006.
The inventory-to-shipment ratio is a key 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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