Canada February manufacturing sales -0.2% vs -0.1% expected
Canadian February manufacturing sales
- Prior was +1.0% (revised to +0.8%)
- Ex autos +0.2% vs +0.9% prior
- New orders +1.5% vs -12.4% prior
- Inventories +0.5%
This isn't a great look with the headline, revisions and details all concerning. USD/CAD has ticked a few pips higher but I think this will be overshadowed by oil and the risk trade today.