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RBC Previews This Week's Manufacturing Sales, Housing Starts in Canada

BY MT Newswires | ECONOMIC | 07/14/25 10:53 AM EDT

10:53 AM EDT, 07/14/2025 (MT Newswires) -- Canada will release manufacturing sales for May at 8:30 a.m. ET on Tuesday, noted RBC.

Canadian manufacturing sales likely dropped again in May -- down 1.3% month over month -- with the largest decreases observed in the oil and coal product subsector, the transportation equipment subsector, and the food product subsector, said the bank. Part of the headline sales decline was price-related, as the Industrial producer price index (price of manufactured goods) dipped 0.5% during the month.

RBC pointed out that the Canada Mortgage and Housing Corporation will publish housing starts data for June at 8:15 a.m. ET on Tuesday.

The bank looks for Canadian housing starts to come in at 255,000 units in June, down about 9% from the prior month. This decline partially offsets the surge observed at the beginning of this quarter.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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