Canadian Manufacturing Sales MoM Final (Nov) M/M -1.2% vs. Exp. -1.1% (Prev. -1.0%, Rev. -1%)
The Canadian Manufacturing Sales fell 1.2% in November, slightly worse than the expected decline of 1.1%.
Fed's Goolsbee (2028 Voter) says he's not surprised by low initial jobless claims numbers; Chicago Fed data showed stability in the labour market
US CPC says a transition to ENSO neutral conditions likely early 2026
Canadian Manufacturing Sales MoM Final (Nov) M/M -1.2% vs. Exp. -1.1% (Prev. -1.0%, Rev. -1%)
Argentina's Economic Minister announces that they have approved USD 665mln gold mining project for Minas Argentina's under RIGI Scheme, via sources
US Republican Hill spoke to Fed's Powell after subpoenas; Fed and House Financial Services Committee working on data of Powell semi-annual testimony
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This miss suggests a deteriorating manufacturing sector, which could signal broader economic weakness and have implications for Bank of Canada policy going forward, particularly regarding interest rate decisions.
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