Canada: Manufacturing sales and BoC’s FSR in focus - TDS

Analysts at TD Securities are looking for the Canada’s manufacturing sales to rise by 1.6% (market: 1.5%) in March on a pickup in auto production and higher factory prices, which should see the volumes come in below the nominal print.

Key Quotes

“The Bank of Canada will release its Financial System Review at 10:30 ET, which will be followed by a press conference with Governor Poloz and Senior Deputy Governor Wilkins at 11:15 ET. Coming one week after Poloz's speech on the future of the mortgage market, we suspect the Bank will have little to say beyond an update on the effect current macro prudential rules and recent developments in the housing market.”