Free Trial

MNI DATA BRIEF:Canada Flash Mar Factory Sales +3.5%,Wholesale +0.9%

(MNI) OTTAWA
OTTAWA (MNI)

Canadian manufacturing sales rose 3.5% in March according to a flash government estimate Friday, keeping the economy on pace for strong growth again in the first quarter as the central bank looks at further tapering bond purchases.

Wholesale sales also climbed 0.9% on the month, Statistics Canada said. Industry sources have told MNI they are adapting to pandemic restrictions though a full economic rebound this year will be difficult. In February, factory sales fell 1.6% and wholesales by 0.7%.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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.