Investing.com - Canadian manufacturing sales fell more than expected in October, underlining concerns over the country’s economic outlook, official data showed on Tuesday.
In a report, Statistics Canada said that manufacturing sales decreased by a seasonally adjusted 1.1%, disappointing expectations for a decline of 0.5% and following a drop of 1.5% a month earlier.
Declines in the petroleum and coal product, aerospace product and parts, and machinery industries were responsible for the overall drop.
USD/CAD was trading at 1.3732 following the release of the data, from 1.3712 ahead of the report.