Manufacturing Sales in Canada surprisingly increased in February. The USD/CAD pair dropped below the 1.41 mark after the data. Manufacturing Sales in Canada rose by 0.5% on a monthly basis in February to $56.2 billion, the data published by Statistics Canada revealed on Thursday. This reading came in better than the market expectation for a decline of 0.1%. “At the national level, the impact of the rail blockades and COVID-19 disruptions in February lowered total manufacturing sales (seasonally adjusted) by an estimated $465 million (-0.8%), according to respondents,” Statistics Canada noted in its press release. “Without these disruptions, total manufacturing sales would have risen by an estimated 1.3% in February compared with the figure in January.” Market reaction The CAD gathered strength against its rivals on the upbeat data and the USD/CAD pair was last seen erasing 0.25% on a daily basis at 1.4072. 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 OPEC lowers 2020 forecast for world oil demand by 6.9 million bpd FX Street 2 years Manufacturing Sales in Canada surprisingly increased in February. The USD/CAD pair dropped below the 1.41 mark after the data. Manufacturing Sales in Canada rose by 0.5% on a monthly basis in February to $56.2 billion, the data published by Statistics Canada revealed on Thursday. This reading came in better than the market expectation for a decline of 0.1%. "At the national level, the impact of the rail blockades and COVID-19 disruptions in February lowered total manufacturing sales (seasonally adjusted) by an estimated $465 million (-0.8%), according to respondents," Statistics Canada noted in its press release. "Without these disruptions, total manufacturing… 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.
