Investing.com - Canadian manufacturing sales rose more-than-expected in November to hit the highest level since December 2011, official data showed on Tuesday.
Jerusalem Post Annual Conference. Buy it now, Special offer. Come meet Israel's top leaders
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.