Investing.com - Canadian manufacturing sales fell more-than-expected in February, fuelling concerns over the country’s economic outlook, official data showed on Wednesday.
In a report, Statistics Canada said that manufacturing sales decreased by a seasonally adjusted 1.7% in February, worse than expectations for a 0.2% decline.
Manufacturing sales for January were revised down to a drop of 3.0% from a previously reported fall of 1.7%.
Manufacturing sales declined to $50.0 billion in February, the fourth decrease in five months. The drop reflected lower sales of motor vehicles and reduced production of aerospace products and parts.
USD/CAD was trading at 1.2557 following the release of the data, from 1.2552 ahead of the report.