Statistics Canada released its Monthly Survey of Manufacturing, which showed that the Canadian manufacturing sales fell 0.6 percent m-o-m in November to CAD53.66 billion, following an unrevised 0.3 percent m-o-m gain in October. This was the first decline since August.

Economists had anticipated a decrease of 0.1 percent m-o-m for November.

According to the survey, sales dropped in 5 of 21 industries, driven by the transportation equipment industry, which recorded a 9.1 percent m-o-m plunge, mainly due to declines in sales of the aerospace product and parts (-23.8 percent m-o-m), motor vehicle (-5.7 percent m-o-m), and motor vehicle parts (-6.0 percent m-o-m) subindustries.

Overall, sales of durable goods fell 2.4 percent m-o-m in November, while sales of non-durable goods rose 1.5 percent m-o-m.