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flag Canadian manufacturing sales dropped 1.2% in November, driven by sharp declines in vehicle and parts sales, signaling weak economic momentum ahead of a key interest rate decision.

flag Canadian manufacturing sales fell 1.2% to $70.8 billion in November, driven by a 15.9% drop in motor vehicle sales and a 6.3% decline in parts, with real sales down 2.3%. flag Wholesale sales, excluding key energy and agricultural goods, dropped 1.8% to $84.4 billion, with a 2.3% volume decline. flag A 6.8% rise in petroleum and coal product sales provided partial offset. flag The data signals weak economic momentum, potentially challenging earlier GDP growth estimates, and comes ahead of the Bank of Canada’s Jan. 28 rate decision, where rates are expected to hold at 2.25%.

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