Canadian Manufacturing Sales MoM Prel (Jan) M/M -3.3% (Prev. 0.6%)

The preliminary January figure for Canadian manufacturing sales shows a significant decline of -3.3%, moving sharply from the previous increase of 0.6%.

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Context

This downturn may indicate weakening demand in the manufacturing sector, potentially impacting GDP growth forecasts and the Bank of Canada's policy stance moving forward.

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