Statistics Canada released manufacturing shipments on Monday. Canadian manufacturing shipments dropped 2.1% in April, missing forecasts of a 1.0% decrease, after a 2.7% rise in March. March's figure was revised down from a 2.9% gain.

The drop was driven by lower sales of food, aerospace products and parts, and petroleum and coal products. Sales of food plunged 5.7% in April, production of aerospace products and parts dropped 17.8%, while sales of petroleum and coal products fell 2.7%

Sales decreased in 8 of 21 categories.