Latest Capacity Utilization Rate at Lowest Level in 10 Years
Abstract:
According to recently released data by Statistics Canada, total industry in Canada operated at a capacity utilization rate of only 81.8% in fourth-quarter 2007. This was the lowest utilization rate in ten years. The major reason for the weakness was a manufacturing sector that was shackled by the weight of a too-highly-valued Canadian dollar. The highest utilization rate for total industry in Canada in this decade was 87.1% achieved in the fourth quarter of 2000, just before the dot.com-induced downturn.
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According to recently released data by Statistics Canada, total industry in Canada operated at a capacity utilization rate of only 81.8% in fourth-quarter 2007. This was the lowest utilization rate in ten years. The major reason for the weakness was a manufacturing sector that was shackled by the weight of a too-highly-valued Canadian dollar. The highest utilization rate for total industry in Canada in this decade was 87.1% achieved in the fourth quarter of 2000, just before the dot.com-induced downturn.