MNI: Canada Mortgage Growth At Lowest Since 2001 At 3.3%

FED: POWELL TESTED POSITIVE FOR COVID-19, HAS SYMPTOMS

MNI China Daily Summary: Friday, May 17

MNI BRIEF: China Cities Must Ensure Housing Project Delivery

MNI BRIEF: PBOC Sets A New Tool To Bail Out Property Sector

MNI BRIEF: PBOC Abolishes Lower Housing Mortgage Limit

MNI: BAKER HUGHES US RIG COUNT 604; OIL RIGS 497; GAS RIGS 103

Canadians Buy Record CAD35.6B In Foreign Securities In March

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +14.4B CAD IN MAR

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Dec. Factory Sales -0.7% to C$56.4B,....>

CANADA DATA
CANADA DATA: Dec. Factory Sales -0.7% to C$56.4B, MNI Median +0.6% 
-----------------------------------------------------------------
- December sales declined to the lowest level since Dec. 2018, it's the 
third drop in four months.  
- Lower sales in motor vehicle assembly and aerospace products mainly 
drive December decline.
- Sales in motor vehicles -6.8%; mainly due to longer seasonal plant 
shutdowns, and Oshawa GM plant closure.
- Sales excluding autos +0.1% M/M. 
- Sales in aerospace products -15.7%; partly due to the higher 
Canadian/US dollar value.
- December declines were offset by a gain in primary metal sales 
(+8.7%). 
- November factory sales revised to -1.0% from -0.6%. 
- In constant dollars, total sales -0.4% M/M. 
- Inventory-to-sales ratio increased to 1.55; matching the highest since 
2009. 
- Capacity utilization rate -8pp to 76.8%; led by lower production in 
transportation equipment. 
MarketsFixed Income BulletsForeign Exchange Bullets
MarketsFixed Income BulletsForeign Exchange Bullets
To read the full story
Close
Why MNI
MNI is the leading provider
 of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.