Latest data released by Statistics Canada - 14 February 2019
- Prior -1.4%; revised to -1.7%
Factory sales unexpectedly drops on the month yet again and that's not something that will help ease pressure off the loonie today despite the poor retail sales figures seen in US for December. USD/CAD inches up to a high of 1.3281 on the back of this here.
Further details show that the decline here is mostly due to lower sales in petroleum and coal products with sales also down in volume terms (by 1.2%).
