Analysts at TD are looking for Canadian manufacturing sales to post a 1.0% advance in April (market: 0.6%) on a pickup in nondurables while durable goods sales should come in slightly weaker after a pullback in exports.
Key Quotes
“We look for real manufacturing sales to post a more modest advance of roughly 0.5% owing to a sharp increase in factory prices.”
“Existing home sales for May will be released at 9:00 ET and TD looks for a 2.0% pullback, slightly below the market consensus for -1.7%. International securities transactions for April will round out the data calendar.”
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