- Prior quarter 79.7% revised to 780.8%
- Canadian industries operated at 78.7% capacity in Q4, a slight decrease from 78.8% in Q3 (revised from 79.7).
- The manufacturing sector’s capacity utilization rate dropped by 0.7 percentage points to 76.9% in Q4, largely due to declines in petroleum and coal product manufacturing (-4.7 percentage points) and chemical manufacturing (-2.6 percentage points).
- Capacity utilization in the mining, quarrying, and oil and gas extraction sector increased by 1.3 percentage points to 76.3% in Q4, helped by a rebound in oil sands extraction.
- The capacity utilization rate in the construction sector fell by 0.7 percentage points to 82.7% in Q4, with lower engineering activity offsetting gains in residential and non-residential building construction.
This article was written by Greg Michalowski at www.forexlive.com.
