Strong Canadian Dollar Takes Its Toll On Manufacturing

New motor vehicle sales and manufacturing indicators printed softer than expected today, reflecting that a strong Canadian dollar is taking its toll on Canadian business. The quarter of a percent rate hike the Bank of Canada is proving to be effective. Further hikes are expected from the central bank, but if economic indicators continue to show a slowing economy, Bank of Canada may postpone an active policy. There are no indicators scheduled in the next 24 hours.

[B]Previous 24 hours:
New Motor Vehicle Sales[/B] (MoM) (MAY)
Actual: -.08%
Previous: 6.9%
[B]Manufacturing Shipments[/B] (MoM) (MAY)
Actual: -0.1%
Previous: -0.6%
[B]Unfilled Orders[/B] (Manufacturing) (MoM) (MAY)
Actual: 1.8%
Previous: 1.9%
[B]New Orders[/B] (Manufacturing) (MoM) (MAY)
Actual: -0.5%
Previous: 0.6%
[B]Manufacturing Inventories[/B] (MoM) (MAY)
Actual: -0.4%
Previous: 0.7%
[B]Manufacturing I/S Ratio[/B] (MAY)
Actual: 1.27
Previous: 1.27
[B]Next 24 hours:
[/B]There are no economic indicators scheduled over the next 24 hours.
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