Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Manufacturing sales in Canada rose at a monthly rate of 1.1% in April, compared with a preliminary estimate of a 1.2% growth, and following a revised up 1.8% decline in March.

An increase in sales was observed in 12 out of the 21 subsectors, led by primary metals (+4.7%), transportation equipment (+4.1%) and chemical products (+4%).

Meanwhile, sales in the aerospace industry dropped the most, by 6.8%.

In annual terms, manufacturing sales in the country dropped 1% in April, data by Statistics Canada showed.

The USD/CAD currency pair settled 0.06% lower at 1.3733 on Friday. For the week, the major currency pair went down 0.23%, as it reversed a gain from the prior week.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • EUR/GBP little changed as UK GDP growth matches estimatesEUR/GBP little changed as UK GDP growth matches estimates The EUR/GBP currency pair was mostly steady in early European trade on Wednesday, after rebounding from a three-week low of 0.8499, as the latest data revealed UK economy had expanded 0.2% month-over-month in January, in line with market […]
  • Forex Market: GBP/BGN trading outlook for March 21stForex Market: GBP/BGN trading outlook for March 21st Friday’s trade saw GBP/BGN within the range of 2.4968-2.5163. The pair closed at 2.5128, rising 0.43% on a daily basis. It has been the 10th gain in the past 20 trading days and also a second consecutive one. The daily high has been the […]
  • Forex Market: USD/CAD daily trading outlookForex Market: USD/CAD daily trading outlook Yesterday’s trade saw USD/CAD within the range of 1.3297-1.3344. The pair closed at 1.3318, down 0.10% on a daily basis. It has been the first loss in the past four trading days.At 9:43 GMT today USD/CAD was losing 0.12% for the day to […]
  • EUR/USD close to session lows after FOMC decisionEUR/USD close to session lows after FOMC decision The euro traded close to session lows against the US dollar on Thursday, after on Wednesday FOMC left its loose monetary policy without change, while investors turned their attention to the policy statement by the European Central Bank, […]
  • Fiat SpA to get full control of ChryslerFiat SpA to get full control of Chrysler Fiat SpA announced yesterday that it would get full control of Chrysler Group LLC after finalizing a deal estimated to 4.35 billion dollars. The deal is expected to give both auto companies a chance for consolidation.The deal also assumes […]
  • Commodity Market: Pivot Levels for Thursday (July 6th 2017)Commodity Market: Pivot Levels for Thursday (July 6th 2017) Silver (SI) for September delivery (1 Troy Ounce)R1 – $15.927 R2 – $15.958 R3 (Range Resistance – Sell) – $15.990 R4 (Long Breakout) – $16.083 R5 (Breakout Target 1) – $16.192 R6 (Breakout Target 2) – $16.237S1 – $15.865 S2 – […]