Canada: Manufacturing sales likely to edge lower in July – TD Securities

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, Canada’s manufacturing sales for July are expected to edge lower by TD (-0.2%) and the wider market (-0.1%), in line with the soft export data for July.

Key Quotes

“Real manufacturing sales should outperform the nominal decline owing to lower factory prices which will translate into a more modest drag on industry-level GDP.”

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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