This country’s manufacturing sector appears to have figured out how to navigate the complexities of a world filled with tariffs and trade disruptions and we are now seeing firsthand results of the provincial government’s work to reduce Chinese tariffs on our canola products.
The latest figures show Canadian manufacturers set a sales record in May of this year with revenues topping $78 billion which is more than 13-percent ahead of the pace set last year.
And the big contributors were Ontario and Saskatchewan.
Ontario’s transportation sector generated the largest revenue growth in that province while Saskatchewan posted a gain of nearly 10-percent for the month on the strength of our food sector. In particular, canola crushing.
According to StatsCan, revenue in the food manufacturing segment of Saskatchewan’s economy rose more than 20-percent in the month as demand from China rose sharply now that the tariffs have been eased.
And there was increased demand coming from American buyers as well which pushed total sales past $2 billion for the month, the strongest increase in the country.
