Canada May Ivey PMI 62.5 vs 71.5 prior

Ivey manufacturing PMI for May

• Seasonally adjusted 62.5 vs 71.5 prior
• Unseasonally adjusted 69.5 vs 70.4 prior

There was a time when the data was a big influence on the market, but volatility in the index from month to month has taken the influence out of the release.

The USDCAD is trading up about 2 pips on the release at 1.2870 currently.