Home / Market Update / Canada: Manufacturing Sales Decline in May

Canada: Manufacturing Sales Decline in May

Manufacturing Sales in Canada contracted by 0.6% on a monthly basis in May, the data published by Statistics Canada revealed on Wednesday. This reading followed April’s decline of 2.1% and came in worse than the market expectation for an increase of 1%.

Check Also

Market Shock: WTI Plunges to Multi-Month Low as Supply Surge Overwhelms Weak Demand

​Global oil markets faced a sharp downturn on Thursday, as the price of West Texas …