Canada June factory sales most likely fell 2.6%, Statscan flash estimate shows

Economy

A general view of the factory floor and numerous automated machines used in the production and manufacturing of aircraft parts, at Abipa Canada in Boisbriand

July 24, 2024

Reuters - Reuters

OTTAWA (Reuters) - Canadian factory sales most likely fell 2.6% in June from May, largely due to the chemical product and transportation equipment subsectors, Statistics Canada said in a flash estimate on Wednesday.

The estimate was calculated based on a weighted response rate of 71.0%. The average weighted response rate for the survey over the previous 12 months has been 94.4%.

NOTE: All figures are seasonally adjusted.

(Reporting by Dale Smith; Editing by Ismail Shakil)

SEC sues Elon Musk, saying he didn't disclose Twitter ownership on time before buying it UK stagflation risk adds pressure on Reeves after market volatility Canada clears $34 billion Bunge-Viterra merger with conditions

Business|Political|Technology|US

TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline

TikTok plans to keep paying U.S. employees even if the Supreme Court does not overturn a law that would force the sale of the short-video app in the U.S

Asia|Business|Economy|Finance|Political

Japan likely to miss primary budget surplus target for FY2025, sources say

Japan is likely to miss achieving its goal of running a primary budget surplus by the next fiscal year, according to three sources with knowledge of fresh

Asia|Business|Economy|Finance|Stock Markets

Oil little changed as falling US stockpiles outweigh soft demand outlook

Oil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles and expectations of supply disruptions from sanctions on Russian