Canada December manufacturing sales -0.3% vs +0.3% expected

Canadian December manufacturing sales numbers

  • Prior was +3.4% (revised to +3.8%)
  • Sales up 3.7% y/y
  • Ex autos -0.4%
  • Ex autos +5.4% y/y
  • New orders +0.3%

Not a great reading and USD/CAD is continuing to climb. It's now up 44 pips on the day to 1.2524.

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