CAD: Manufacturing sales likely to extend decline - TDS

FXStreet (Delhi) – Research Team at TDS, suggests that Canadian Manufacturing sales are expected to extend their slide from September.

Key Quotes

“TD expects October’s release to come in at –0.6% m/m (consensus –0.5%), on the back of weak auto production and a slowdown in new orders. The Bank of Canada will also release its Financial System Review, which will highlight key risks to the Canadian financial system including household indebtedness and elevated home prices. Existing home sales are also set to be released tomorrow.”