Manufacturing Sales in Canada declined less than expected in January. USD/CAD continues to trade above 1.41 after data. Manufacturing Sales in Canada contracted by 0.2% in January to $56.1 billion, Statistics Canada reported on Tuesday. This reading marked the fifth straight monthly decline and came in slightly better than the market expectation for a fall of 0.5%. “In volumes terms, manufacturing sales decreased 0.4%,” Statistics Canada further noted in its publication. USD/CAD reaction The USD/CAD pair edged lower on this data but continues to trade at its highest level since January of 2016 at 1.4115, adding 0.7% 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 Coronavirus: Choosing a new market direction FX Street 2 years Manufacturing Sales in Canada declined less than expected in January. USD/CAD continues to trade above 1.41 after data. Manufacturing Sales in Canada contracted by 0.2% in January to $56.1 billion, Statistics Canada reported on Tuesday. This reading marked the fifth straight monthly decline and came in slightly better than the market expectation for a fall of 0.5%. "In volumes terms, manufacturing sales decreased 0.4%," Statistics Canada further noted in its publication. USD/CAD reaction The USD/CAD pair edged lower on this data but continues to trade at its highest level since January of 2016 at 1.4115, adding 0.7% on the day. 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.
