Canada February manufacturing sales +0.5% vs +0.1% expected

Canada pre-crisis data

• Prior was -0.2% (revised to -0.7%)
• Ex autos -0.7% vs +0.5% prior
• New orders -0.5% vs +0.8%

We're slowly working our way through the pre-pandemic data. Once we get firmly into March/April I expect data will begin to have more of an effect of FX.