Canada June PMI 62.5 vs 52.0 expected

05/07/2024 | 14:00 GMT

The Ivey manufacturing survey

Prior was 52.0
Non-seasonally adjusted vs 59.1 prior

This is a low-tier indicator but the Bank of Canada is in a tight spot right now. The market was 50/50 ahead of the Canadian jobs report but has shifted to 56% in favor of a cut.

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