Manufacturing sector in Canada continued to weaken toward the end of 2019. USD/CAD pair gained traction and rose toward 1.33 on disappointing data. Manufacturing Sales in Canada fell by 0.7% to $56.4 billion in December to post the fourth consecutive negative reading, Statistics Canada reported on Tuesday. This figure missed the market expectation for an increase of 0.5% by a wide margin. Additionally, November’s reading got revised down to -1% from -0.6%. “Sales were down in 11 of 21 industries, representing 42.6% of the Canadian manufacturing sector,” the press release read. “The largest declines were in the motor vehicle assembly and aerospace product and parts industries.” USD/CAD reaction The USD/CAD pair shot higher after the disappointing data and was last seen trading at 1.3276, adding 0.32% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next XRP Price Analysis: XRP/USD dropping heavy for four consecutive sessions FX Street 2 years Manufacturing sector in Canada continued to weaken toward the end of 2019. USD/CAD pair gained traction and rose toward 1.33 on disappointing data. Manufacturing Sales in Canada fell by 0.7% to $56.4 billion in December to post the fourth consecutive negative reading, Statistics Canada reported on Tuesday. This figure missed the market expectation for an increase of 0.5% by a wide margin. Additionally, November's reading got revised down to -1% from -0.6%. "Sales were down in 11 of 21 industries, representing 42.6% of the Canadian manufacturing sector," the press release read. "The largest declines were in the motor vehicle assembly and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
