May Canadian manufacturing sales -2.0% vs -2.0% expected

• First decline in eight months
• Prior was +1.7%
• Sales lower in 11 of 21 industries
• Motor vehicles -31.9% was the main driver
• Primary metals -4.1% but were still the second-highest ever
• Inventories +1.6% to new record
• Inventory to sales ratio 1.54 vs 1.59 prior
• Unfilled orders -0.8% after six consecutive increases
• New orders -7.1%

"The declines were attributable to retooling at auto assembly plants and semiconductor part shortages," the release said.

This is a lower-tier release but CAD CAD The Canadian dollar (CAD) is the official currency of Canada and at the time of writing is the fifth most-held reserve currency in the world behind only the US dollar, euro, Japanese yen, and British pound.The CAD is commonly referred to as the Loonie by forex analysts and traders. At the time of writing, the CAD accounts for 2% of all global currency reserves.Its appeal is strong among central banking authorities given Canada’s economic strength, sovereignty, and historic stability.Originally i The Canadian dollar (CAD) is the official currency of Canada and at the time of writing is the fifth most-held reserve currency in the world behind only the US dollar, euro, Japanese yen, and British pound.The CAD is commonly referred to as the Loonie by forex analysts and traders. At the time of writing, the CAD accounts for 2% of all global currency reserves.Its appeal is strong among central banking authorities given Canada’s economic strength, sovereignty, and historic stability.Originally i Read this Term is a currency to watch today as it breaks down to the lows of the year.