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Analysts at TD Securities are looking for the Canadian manufacturing sales to rise by 1.1% m/m (market: 1.0%) in July on a rebound in motor vehicles after supply chain disruptions weighed on output in the prior month.

Key Quotes

“Steel/aluminum tariffs will impose a modest drag on primary metals, while higher factory prices as a whole should lead to a more modest advance (~0.5%) in real manufacturing sales.”