Canada March Mfg Sales +3.0% Misses 3.5% Est, Tempers Wholesale Beat on CAD

Canada's March manufacturing sales rose 3.0%, missing the 3.5% estimate and prior 3.6% gain, signaling a slowdown that weighs on the CAD and supports near-term USDCAD upside. This follows yesterday's stronger-than-expected wholesale trade surge of +1.9% versus +1.4% forecast, with February revised up to +2.4% and ex-petroleum/grains sales hitting CAD 89.0 billion (up 3.3% YoY). Factory shipments reached a 15-month high of C$73.57 billion amid energy price spikes, but the miss dominates, fostering mixed economic signals and prompting FX repositioning.