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With the Canadian dollar losing its value relative to the American dollar, manufacturing companies are seeing an uptick in business. Plitron Manufacturing Inc. makes toroidal power products that are used in many medical devices such as magnetic resonance imaging (MRI) and X-ray machines.
With the Canadian dollar losing its value relative to the American dollar, manufacturing companies are seeing an uptick in business. Plitron Manufacturing Inc. makes toroidal power products that are used in many medical devices such as magnetic resonance imaging (MRI) and X-ray machines.
(Fred Lum/The Globe and Mail)

Analysts see industrials poised for fresh gains

The industrial sector of the TSX climbed by more than 35 per cent last year, but a growing body of evidence suggests that there may still be runway for companies in this group.

In a recent note, Brian Belski, chief investment strategist at the Bank of Montreal, wrote that industrials could be lifted by a “manufacturing renaissance” in North America this year.