Canada capacity usage Q2 79.1% vs 78.6% last quarter

.Prior quarter: 78.5% changed to 78.6% Details: Canadian industries operated at 79.1% capacity in Q2 2024. This is actually a light rise from 78.6% in Q1 2024. The Q1 2024 capacity usage was revised up through 0.1 portion point.Mining, Quarrying, and Oil and also Gas ExtractionCapacity usage raised through 1.6 percent indicate 77.2% in Q2.Growth steered by greater activity in oil sands removal (observing resumption after maintenance) and also support tasks for exploration and also oil and also gas extraction.ConstructionCapacity usage decreased by 0.2 percentage suggest 82.4% in Q2.Decline attributed to a slump in home structure construction.ManufacturingCapacity use rose by 0.5 percentage suggest 77.6% in Q2.Increase led by personal computer as well as electronic product manufacturing (+5.1 percent points) as well as timber product production (+2.9 percent aspects).This write-up was actually written by Greg Michalowski at www.forexlive.com.