orders stands  ; $13.6  ; billion higher than that of the same month one year ago.   ; Manufacturers slightly less concerned with finished product inventories In October,  ; 83% of manufacturers reported that the current level of finished product inventories was about right, up  ; 3  ; points from July. Some  ; 13% stated that inventories were too high, while  ; 4% said inventories were too low. This left the balance of opinion at -9, a  ; 2  ; point improvement from the July balance. According to August's Monthly Survey of Manufacturing, finished product inventories stood at over  ; $22.4  ; billion, down  ; 1.4% from the almost  ; $22.8  ; billion posted one year earlier in the August  ; 2006  ; survey.   ; Manufacturers' employment prospects remain unchanged The October balance of opinion for employment prospects for the next three months remained unchanged from the July survey at +1. Some  ; 64% of manufacturers stated that they would keep their current workforce,  ; 18% indicated they would increase it, and  ; 17% indicated that they expected to decrease employment in the fourth quarter of  ; 2007.   ; Regionally, negative balances in Quebec (-2) and Ontario (-9) were offset by positive balances in the remaining provinces, where many manufacturers continued to experience difficulty in finding skilled labor. According to the September Labour Force Survey, over the first nine months of  ; 2007, manufacturing employment declined  ; 3.7% to just under  ; 2.04  ; million.   ; More manufacturers frustrated by production impediments The proportion of manufacturers reporting production impediments jumped  ; 8  ; points to  ; 36% in the October survey. The main concerns cited were labor shortages, and the high value of the Canadian dollar.   ; Most of the increase in concern related to skilled labor shortage, which jumped to  ; 16% in October from  ; 11% in July. Manufacturers in Manitoba (42%), Saskatchewan (58%) and Alberta (48%) continued to express the greatest concerns regarding skilled labor shortages.
The Business Conditions Survey is a quarterly survey of Canadian manufacturers that requests manufacturers' opinions on production impediments, finished product inventory levels, new and unfilled order levels, and production and employment prospects in the coming three months. This voluntary survey was conducted in the first two weeks of October and attracted more than  ; 3,000  ; responses from manufacturers.
Source: Statistics Canada" 11/8/2007 8 October survey: Suppliers are more guarded going into final months of 2007. 1 4627 Eaton Buys Arrow Hose & Tubing breaking-news 11/8/2007 /breaking-news/4627-1.html Diversified industrial manufacturer Eaton Corp., Cleveland, OH, has acquired Arrow Hose & Tubing Inc., a manufacturer of specialty thermoplastic hose and tubing for the industrial, food and beverage, and agricultural markets.   ; The business had 2006 sales of $12 million. The business employs 60 people and is headquartered in Guelph, Ontario.   ; "The acquisition of Arrow Hose & Tubing Inc. complements Eaton's thermoplastic hose and tubing product line, increases the company's offering to the food and beverage industry, and strengthens our presence in the agriculture markets," said Craig Arnold, Eaton senior vice president and president - Fluid Power Group.   ; Eaton had 2006 sales of $12.4 billion.