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Industrial capacity utilization rates, third quarter 2023
Canadian industries operated at 79.7% of their production capacity in the third quarter, up slightly from 79.6% in the second quarter. The capacity utilization rate in the manufacturing sector edged up 0.3 percentage points to 78.3% in the third quarter. The increase was driven by the strength of primary metal manufacturing (+2.2 percentage points) and metal product manufacturing (+1.3 percentage points). Capacity utilization in the mining, quarrying, and oil and gas extraction sector increased 0.9 percentage points to 76.7% in the third quarter. Following the slowdown in natural gas extraction due to the forest ... (full story)