October Canadian Ivey PMI 59.7 vs 56.0 expected

Canadian manufacturing PMI from Ivey PMI

  • Prior was 58.4

That's the best reading since January.

A long time ago, this report was a Canadian dollar mover but it's reputation has been in tatters for many moons. USD/CAD ticked down about 5 pips on the headline but rebounded almost immediately.

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