Trial now
MNI

Test, Please Ignore

EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

AUDUSD TECHS

Trend Indicators Remain Bearish

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Canada's April manufacturing sales are expected to fall 1.1% following March's 3.5% rise, according to an economist consensus, reflecting a global semiconductor shortage that has disrupted auto production.

The decline is expected to continue into May as widespread lockdowns in Canada slowed activity and automakers continued to struggle with the chip shortage. The report is due at 830am EST on Monday, and the economist consensus aligns with Statistics Canada's earlier flash estimate.

The BOC last week held its policy settings and signaled it's looking through April weakness to a strong rebound afterwards, which sources tell MNI keeps the focus on a July tapering of QE.