- Sales fell 0.4% in February (was first decline since July 2021)
- The decrease reflects lower sales in the machinery, equipment and supplies subsector.
- Estimate was calculated based on a weighted response rate of 58.1%
Building materials were surprisingly strong, up 4.2% while the category of machinery, equipment and supplies fell by 4.2%.
USD/CAD is up 47 pips today and broad global risk aversion and commodity declines.