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Canada: Manufacturing sales decreased 2.6% to $52.5 billion in July

"Manufacturing sales decreased 2.6% to $52.5 billion in July, following a 1.9% decline in June," the Statistics Canada announced on Tuesday.

Key highlights:

  • The decrease was primarily the result of lower sales of motor vehicles and motor vehicle parts.
  • Excluding motor vehicles and motor vehicle parts, manufacturing sales increased 0.2%.
  • Sales were down in 9 of 21 industries, representing 57% of the manufacturing sector.
  • Sales of durable goods decreased 4.6%, while sales of non-durable goods declined 0.2%.
  • In constant dollars, sales were down 1.4% in July, indicating a decline in the volume of manufactured goods sold.

AUD/USD edges higher above 0.80 post-US data

The AUD/USD pair extended its daily gains in the early NA session and rose above the critical 0.80 handle as the mixed macro data from the U.S. put a
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USD/CAD near 1.2280 post-data

The greenback stays on the defensive vs. its Canadian peer on Tuesday, now taking USD/CAD to the 1.2285/80 band in the wake of US, CA data releases.
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