Data released today showed that manufacturing shipments dropped 1.2% in June in Canada, a smaller-than-expected decline. According to National Bank of Canada analyst Jocelyn Paquet, the slowdown in June won’t derail stellar quarter for Canadian factories Key Quotes: “Canadian manufacturing sales fell in June but less than anticipated. What’s more, much of the monthly retreat stemmed from lower prices, especially in the petroleum/coal segment. Indeed, prices in that sector fell no less than 4.9% in June, a development which partly explains the sharp pullback in nominal shipments in Alberta (-6.5%) and Newfoundland & Labrador (-17.5%), the country’s two main oil-producing provinces.” “While this should translate into a negative contribution to growth from factory output in June, the quarterly perspective remains very encouraging. Following a 2.0% increase in the first quarter of the year, real shipments advanced at a 7.3% annualized pace in Q2 thanks to the excellent handoff from March and a strong print in May.” 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 GBP/USD technical analysis: Cable reverses daily decline as bulls challenge the 1.2175 resistance level FX Street 4 years Data released today showed that manufacturing shipments dropped 1.2% in June in Canada, a smaller-than-expected decline. According to National Bank of Canada analyst Jocelyn Paquet, the slowdown in June won't derail stellar quarter for Canadian factories Key Quotes: "Canadian manufacturing sales fell in June but less than anticipated. What's more, much of the monthly retreat stemmed from lower prices, especially in the petroleum/coal segment. Indeed, prices in that sector fell no less than 4.9% in June, a development which partly explains the sharp pullback in nominal shipments in Alberta (-6.5%) and Newfoundland & Labrador (-17.5%), the country's two main oil-producing… 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.
