Canada: Manufacturing sales likely to decline 0.4% in November - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for a 0.4% decline in November manufacturing sales of Canada, slightly above the market consensus for -1.0%.

Key Quotes

“A sharp decline in the price of petroleum products is the main driver for the soft print which suggests that real manufacturing sales should post a modest increase.”

“Wholesale trade for November will be released alongside the manufacturing report where TD looks for a flat print (market: -0.3%).”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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