by Fri, 16 Apr 2010 14:52:00 +0200
Canada manufacturing sales disappoint
FXstreet.com (Barcelona) - Canada's manufacturing sales grew by just 0.1% in February, thereby disappointing market expectations of a increase of 0.9% after sales jumped by 2.4% in January.
The Manufacturing Shipment released by the Statistic Canada examines overall Shipments of Canada. It can be seen expected market demand. Generally speaking, a growing number of goods including unsold inventories indicates a fall in the market demand,which anticipates bearish for the CAD. Also, a decreasing shipment is seen as negative (or bearish). On the other hand, an increasing shipment is seen as positive (or bullish).
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