Manufacturing sales in Canada rose more than expected in August. Loonie capitalized on the upbeat data and gathered strength against the USD. Statistics Canada on Thursday reported that manufacturing sales in August rose 0.8% to $57.6 billion in August following July’s 1.3% decline and came in better than the market expectation for an increase of 0.6%. “Manufacturing sales in constant dollars increased 0.6% in August, reflecting higher volumes of goods sold,” the press release read. Other data from Canada revealed that the Automatic Data Processing’s (ADP) private sector employment came in at +28,200 in September and fell short of analysts’ estimate of 56,500. The USD/CAD pair edged lower on the upbeat manufacturing sales figures and was last seen trading at 1.3165, losing 0.28% on a daily basis. 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 Fed toys with the idea of a digital dollar FX Street 4 years Manufacturing sales in Canada rose more than expected in August. Loonie capitalized on the upbeat data and gathered strength against the USD. Statistics Canada on Thursday reported that manufacturing sales in August rose 0.8% to $57.6 billion in August following July's 1.3% decline and came in better than the market expectation for an increase of 0.6%. "Manufacturing sales in constant dollars increased 0.6% in August, reflecting higher volumes of goods sold," the press release read. Other data from Canada revealed that the Automatic Data Processing's (ADP) private sector employment came in at +28,200 in September and fell short of analysts'… 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.
