Canada: Manufacturing sales for September are likely to contract – TDS

In view of analysts at TDS, Canada’s manufacturing sales for September are likely to contract due to labour disruptions at an assembly plant in Ontario.

Key Quotes

“TD looks for a 0.7% pullback, slightly below the market (-0.5%), with motor vehicles driving the decline. Energy products should provide a sizeable offset due to higher prices, which should help manufacturing volumes outperform the nominal print.”

“We will also get the inaugural release of ADP employment for Canada at 8:30 ET. ADP will be releasing payrolls data for October as well as a full history for the series. International securities transactions for September will round out the data calendar.”