Canada: Manufacturing sales to post a 1.0% advance in April - TDS

Analysts at TD are looking for Canadian manufacturing sales to post a 1.0% advance in April (market: 0.6%) on a pickup in nondurables while durable goods sales should come in slightly weaker after a pullback in exports.

Key Quotes

“We look for real manufacturing sales to post a more modest advance of roughly 0.5% owing to a sharp increase in factory prices.”

“Existing home sales for May will be released at 9:00 ET and TD looks for a 2.0% pullback, slightly below the market consensus for -1.7%. International securities transactions for April will round out the data calendar.”