Canada Q3 capacity utilization report just out 8 Dec
- prev revised down from 85.0%
Downward revision but back up so a neutral headline in effect.
- Q3 mftg cap util 85.2% vs 85.1% prev
The Capacity Utilization Rate is the percentage of production capacity being utilized (available resources includes factories, mines and utilities). Capacity Utilization reflects overall growth and demand in the economy. It can also act as a leading indicator of consumer price inflation.
Choppy trading on the US jobs/wages report. USDCAD now 1.2829 after 1.2804 lows
Canada cap util QQrte
