Canadian factory and wholesale trade surged in February as auto production rebounded from January's slump. Statistics Canada reported factory shipments climbed 3.6% to 71.19 billion Canadian dollars (US$51.7 billion), signaling renewed strength in the manufacturing sector.

This uptick followed a revised 3.1% decline in January, suggesting the auto industry's recovery played a crucial role in reversing the previous month's downturn. The data agency's flash forecast had predicted a 3.8% increase, making the actual 3.6% rise slightly softer than expected but still robust.

While the automotive sector's rebound lifted overall manufacturing figures, economists will watch closely to see if this momentum continues. The industry's performance often serves as a bellwether for broader economic health, given its extensive supply chains and workforce impact.