Canada Ivey PMI 55.4 vs 53.0 expected

The Canadian manufacturing PMI from Ivey.

  • Prior was 56.9
  • Non-seasonally adjusted at 46.7 from 49.2

The RBC/Markit reading earlier in the month was at 53.9 vs 55.3 a month earlier.

There was a small bounce in the Canadian dollar on the numbers but oil is also getting a lift on rumors that Saudi Arabia’s king is dead or in ill health.

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