The Research Team at TDS note that the Canadian manufacturing sales data for the month of January is expected to come in a tad better.
“Manufacturing sales are forecast to post a modest advance in January by both TD and the wider market. TD looks for a 0.2% m/m increase, slightly below the consensus for a 0.3% gain. However, much of the strength will be attributable to higher energy prices, which may leave volumes weaker on the month. Existing home sales for January will be released shortly afterwards at 9:00 ET.”
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