According to analysts at TD Securities Canada’s manufacturing sales will give the first input to Canada’s Q1 GDP activity.
“TD sees downside risks and looks for a 0.3% decline (market: 0.4%) as a pullback in motor vehicle shipments outweighs an expected rebound in petroleum output.”
“Existing home sales for February are published at 9:00 ET and expected by the market to decline by 4.0% m/m, unwinding a 3.6% increase from January that was the first positive print in four months.”
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