Details from the August 2015 Canadian manufacturing sales data report 16 October 2015
- Prior +1.7%
- Sales ex-autos -0.8% v s+0.7% prior. Revised to +0.6%
- New orders -5.6% vs 10.2% prior. Revised to 11.1%
- Inventories 0.5% vs 1.1% prior
- Inventory/sales ratio 1.40 vs 1.40 prior
Not as bad as feared but ends a 3 month hot streak in gains. The CAD is bolstered by the better news with USDCAD falling around 25 pips to test 1.2900 once again
