“Canadian manufacturing sales fell 3.3% in August to $52.1 billion, the first decline in 2014. The decrease mostly reversed the gains recorded for June and July.
In August, about half of the decrease was caused by lower sales of motor vehicles and motor vehicle parts. Excluding motor vehicles and parts, sales declined 1.9%. Overall, 16 of 21 industries representing about 81% of the manufacturing sector posted declines. Constant dollar sales decreased 3.7%, indicating that a lower volume of products was sold.” Source: Statistics Canada.
CAD has been losing against USD since April 2011 with the latest upward trend of USD/CAD maintaining pace since July 2014.
Trading in CFDs involves significant risk to your invested capital
WARNING FOR HIGH RISK INVESTMENTS:
Trading in CFDs is highly speculative; it carries a high risk and is not suitable for all investors. There is a possibility that you may lose part or all of your return on capital and you should therefore not speculate with a capital that you cannot afford to lose. CFDs or any other underlying instruments (Company’s Assets) confer a high degree of risk and can lead to a loss of your invested capital. Please click here to read the full warning on risks incurred.
STOCK.com is a trading name of Leadcapital Markets Ltd, an investment company authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license number 227/14. Leadcapital Markets Ltd is located at Treppides Tower, 9 Kafkasou Street, Aglantzia,5th Floor, CY 2112, Nicosia, Cyprus