Global Markets: Canadian manufacturing sales increase

Published: July 14, 2023

By MarketsFarm

 

WINNIPEG, July 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

 

  • Canadian manufacturing sales increased by 1.2 per cent in May, hitting C$72.9 billion, according to a report from Statistics Canada. Chemical products and motor vehicles were both up by 4.8 per cent during the month, with machinery posting a 4.2 per cent increase. Total sales in the country were up by 0.2 per cent annually.

 

  • India’s space agency launched a rocket Friday that will attempt to land a spacecraft on the south pole of the moon. The lunar landing, expected around Aug. 23, would mark a first for the country and advance India as a major player in outer space. Only the United States, Russia, and China have landed spacecraft on the moon’s surface, with none ever near the lunar south pole.
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  • Workers with the United Parcel Service (UPS) could be set to strike by the end of July. UPS accounts for roughly a quarter of all of the parcels shipped in the United States, with any work stoppage expected to be highly costly to the country’s economy.

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