Canada: Manufacturing sales likely to decline 0.4% in November - TDS

Analysts at TD Securities are looking for a 0.4% decline in November manufacturing sales of Canada, slightly above the market consensus for -1.0%.

Key Quotes

“A sharp decline in the price of petroleum products is the main driver for the soft print which suggests that real manufacturing sales should post a modest increase.”

“Wholesale trade for November will be released alongside the manufacturing report where TD looks for a flat print (market: -0.3%).”