Investing.com - Canadian manufacturing sales rose more-than-expected in November to hit the highest level since December 2011, official data showed on Tuesday.
In a report, Statistics Canada said that manufacturing sales increased by a seasonally adjusted 1% in November, beating expectations for a 0.4% gain. Manufacturing sales for October were revised to a 0.7% increase from a previously reported gain of 1%.
Sales advanced in 11 of 21 industries, representing about 58% of manufacturing. For durable goods, sales rose 2.9% to CAD25.6 billion. Sales declined 0.9% on the non-durable goods side of manufacturing.
Following the release of the data, the Canadian dollar was lower against its U.S. counterpart, with USD/CAD rising 0.45% to hit 1.0998.