Canada: Manufacturing sales likely to surge to 0.6% in January - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, Canadian manufacturing sales are forecasted to bounce back with a 0.6% increase in January (market: 0.4%) on a rebound in refinery output.

Key Quotes

“Lower industrial prices, driven by gasoline, should allow real manufacturing sales to outperform the nominal print and provide a source of strength for industry-level GDP.”

“New home prices for December will be released alongside manufacturing sales where TD and the market look for a flat print.”

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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