r/canada • u/StatCanada OFFICIEL/OFFICIAL CANADA • 17h ago

National News Following a 0.3% decrease in July, total manufacturing sales increased 1.5% to $79.9 billion in August 2026 / Après avoir reculé de 0,3 % en juillet, les ventes totales du secteur de la fabrication ont progressé de 1,5 % pour atteindre 79,9 milliards de dollars en août 2026

https://www150.statcan.gc.ca/n1/daily-quotidien/261015/dq261015a-eng.htm?utm_source=rddt-canada&utm_medium=smo&utm_campaign=statcan-statcan-economy-economie
46 Upvotes

81% Upvoted

17 comments sorted by

14

u/byourpowerscombined Alberta 16h ago

Quick! Someone tell me how this is bad news!

11

u/BrutusTheKat 15h ago

Realistically, this was the last month before the escalated tariffs kicked in, so it would make sense to see a spike in sales as companies try and get extra stock last out the tariff ordeal. 

We'd need to see the numbers for September/October. 

13

u/accforme 16h ago

Something something lost decade something something Trudeau something something elbows up.

6

u/Gunslinger7752 14h ago

The last decade really has been a lost decade for us, every economic metric and many social metrics prove that. Stating facts does not automatically mean that someone is obsessed with Trudeau.

It’s also funny to see comments like this because you’re defending and almost celebrating government policy that has made each and every one of us poorer.

-1

u/accforme 13h ago

I'm trying to highlight the same rhetoric that just keeps getting regurgitated with little thought on what they are saying.

Throw in the word oil or LNG in the news article title and you will have people saying "but there was no business case".

•

u/AprilsMostAmazing Ontario 9h ago

My networth actually increased by a substantial amount under JT. It has slowed down since the Trump tariffs came into place

•

u/esaul17 7h ago

Sure as hell wasn’t a lost decade for the TSX or housing prices lol.

•

u/Gunslinger7752 7h ago

That has nothing to do with anything. I bought 50k worth of Meta in my tfsa in fall of 2022 for 92$ per share and sold it for 785$ a share in 2025. That has literally nothing to do with Joe Bidens presidency.

1

u/HardstButton2Button 15h ago

something something nobody listens to us...

2

u/Talinn_Makaren 13h ago

Paging Poilievre, help us out bro.

•

u/AprilsMostAmazing Ontario 9h ago edited 8h ago

Can't. The data center is still down from the Ukraine strikes

0

u/DukeCanada 13h ago

More than likely a bump before tariffs come into effect

-3

u/Gunslinger7752 14h ago

Inflation is 3% so if you take that into account, a 1.5% YoY increase in revenues is essentially a drop. It’s just like if you made 1.5% interest on your money in a “high interest” savings account, at 3% inflation you are still losing at the end of the day.

It’s also worth noting the newest bans and tariffs were not yet in effect throughout August. I would say that the September economic numbers are not going to be great and October will be worse.

Having said that, I don’t think it will continue but manufacturing has been far more resilient than people expected.

7

u/combattoast 13h ago

It's a 1.5% monthly increase. The YoY increase is 14.2%.

1

u/Gunslinger7752 12h ago

Fair, you are correct. I still don’t think it’s a metric that signals that our economy is in great shape. Most of our manufacturing goes to the US and our dollar continues to fall. It’s also a gross revenue figure which can be misleading. We will see what the next couple months bring.

1

u/StatCanada OFFICIEL/OFFICIAL CANADA 17h ago

Pour lire ce même article en français, veuillez visiter : Le Quotidien — Enquête mensuelle sur les industries manufacturières, août 2026.

1

u/Anar_Isil 15h ago

Wait for the revised numbers in a month. Can barely trust any reported data these days