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MNI PREVIEW: Jan Factory Sales - 8:30 EST....>

CANADA
CANADA: MNI PREVIEW: Jan Factory Sales - 8:30 EST
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- MNI median -0.5% vs. prior -0.7%. January decline would be 5th in a row. 
- Sales likely to fall on autos and crude oil. 
- GM Oshawa plant closure and Jan. export decline (-2%) on weakness in motor
vehicle/parts indicating weakness. 
- Outlook is even weaker due to global COVID-19 and oil price slump, and some
temporary factors like rail blockades in February.
- December inventory/sales ratio (1.55) returned to the highest since last
recession in 2009. 
- December factory sales of CAD 56.4b were lowest in a year on weakness in
autos, aerospace. 

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