Canada: Manufactured goods shipments bounced back in March – NBF


Kyle Dahms, analyst at National Bank Financial, notes that the Canadian manufacturing shipments jumped 2.1% in March to C$58.0 billion, following a - 0.2% decline in the prior month.

Key Quotes

“Sales were up in 12 of the 21 broad industries surveyed including transportation equipment (+4.5%, helped by increases in motor vehicles and aerospace products), petroleum/coal products (+8.2%) and primary metals (+5.3%).”

“’The rise in these industries were more than enough to offset declines for paper manufacturing (-2.2%), electrical equipment (-4.6%) and plastics/rubber products (-1.3%).”

“With the price effect removed, total factory sales rose 1.6% m/m, while inventories progressed 0.6%. As a result, the real inventory-to-sales ratio fell two ticks to a stillelevated 1.48.”

“The unadjusted capacity utilization rate in Canada’s manufacturing sector, meanwhile, rose 2.2 percentage point to 80.7%.”      

                         

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Adds 8 pips in Asia, remains trapped in a bear flag

EUR/USD picked up a bid at 1.1084 at 00:00 GMT and rose to 1.1092 a few minutes before press time. As of writing, the currency pair is trading at 1.1089. The buyers failed to keep the pair above 1.11 for the third straight day on Wednesday.

EUR/USD News

GBP/USD: Struggles between 10/21-DMA amid bullish MACD

Despite reversing from the 21-day simple moving average (DMA), GBP/USD remains above 10-DMA as it trades near 1.2134 during Asian session on Thursday. Supporting the pair’s upside is a bullish signal by 12-bar MACD.

GBP/USD News

USD/JPY: Weaker below 106.50, focus on T-yields ahead of Powell

USD/JPY trades weaker below the 106.50 level, tracking the negative S&P 500 futures and a cautious sentiment on the Asian equities, as attention shifts from the FOMC minutes to the Fed's Powell speech for fresh direction. 

USD/JPY News

Gold: Trapped in a symmetrical triangle

Gold is trapped in a narrowing price or a symmetrical triangle pattern, according to the 4-hour chart. The yellow metal rose to a six-year high of $1,353 per Oz on Aug. 13 and has charted lower highs and higher lows ever since.

Gold News

The Fed Minutes are Out, but Does It Matter?

The FOMC July 31st Minutes were released earlier today and the collective market seems to think the minutes are less dovish than expected! Gold was volatile right before the release.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •