Canadian manufacturing sales were better than forecast in August, boosting expectations for a rebound in the economy in the third quarter. Statistics Canada said Tuesday that manufacturing sales increased 0.9 per cent to $51.1 billion in August, fuelled by higher sales of food, primary metal, and petroleum and coal products. Trend expected to continueTD Bank economist Dina Ignjatovic said manufacturing sales are moving in the right direction and closing in on the highs reached at the start of the year. Food industry hits recordStatistics Canada said Tuesday manufacturing sales grew 1.2 per cent on a constant-dollar basis, reflecting an increase in the higher volume of goods sold. Food industry sales rose 1.7 per cent to a record high of $8.6 billion, while the primary metal industry gained 3.6 per cent to $3.9 billion.

Source: CBC News October 18, 2016 19:18 UTC