Canada: Manufacturing sales for September are likely to contract – TDS
In view of analysts at TDS, Canada’s manufacturing sales for September are likely to contract due to labour disruptions at an assembly plant in Ontario.
“TD looks for a 0.7% pullback, slightly below the market (-0.5%), with motor vehicles driving the decline. Energy products should provide a sizeable offset due to higher prices, which should help manufacturing volumes outperform the nominal print.”
“We will also get the inaugural release of ADP employment for Canada at 8:30 ET. ADP will be releasing payrolls data for October as well as a full history for the series. International securities transactions for September will round out the data calendar.”