February 2017 Canadian Ivey manufacturing PMI report 7 March 2017
Prior 57.2
NSA 55.1 vs 52.3 prior
Employment 54.5 vs 53.5 prior
Prices paid 61.1 vs 70.1 prior
A sizable miss of expectations and reduction on last month.
The CAD has lost out after the data but it had been dropping already as cross pairs still play a role in driving the majors. USDCAD rocked up to 1.3436 and has fallen back by 10 pips.
Ivey PMI
