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Growth
LOW IMPACTCA New Motor Vehicle Sales m/m
Track CA New Motor Vehicle Sales m/m to gauge consumer confidence and spending trends in durable goods.
Overview
An indicator of consumer confidence, an increase in the demand for costly durable goods suggests that consumers trust their financial future and are willing to spend;
Key Information
What it Measures
Tracks the change in the sales of new cars and trucks within the domestic market;
Usual Effect
If the 'Actual' figure exceeds the 'Forecast', it typically favors the currency;
Source & Frequency
Statistics Canada (latest release) - https://www.statcan.gc.ca/en/ • Published monthly, approximately 45 days after the conclusion of the month;
How Data is Derived
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Also Known As
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Acronym
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