- Ivey’s PMI in Canada fell less than expected in November.
- USD / CAD is holding on to modest daily gains above 1.2800 after the data.
Economic activity in Canada’s private sector expanded at a smoother pace in November than in October with the purchasing managers index Ivey PMI (seasonally adjusted) down to 52.7 points from 54.5. However, this reading was slightly better than the market expectation of 51.5.
Additional details from the post revealed that the employment rate fell to 48.1 from 50.3, inventory index improved to 49.3 from 45.5 and the price index rose to 66.1 from 63.
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