- Analytics
- News and Tools
- Market News
- Canada: Ivey PMI falls to 45.0 in December from 61.2 in November
Canada: Ivey PMI falls to 45.0 in December from 61.2 in November
- Ivey PMI dropped sharply to 45.0 in December from above 60.0 in November.
- The seasonally adjusted measure also dropped sharply, but remained above 50.0.
- The loonie ignored the data and continues to bask in the afterglow of a strong December labour market report.
Canada's Ivey PMI, which is released by the Richard Ivey School of Business each month and captures business conditions in Canada, fell to 45.0 in December from 61.2 in November. As with other PMI indicators, a result above 50 is generally associated with MoM growth in economic activity. Thus, Canada's Ivey PMI suggests business conditions in the country fell into contractionary territory last month. However, the less volatile seasonally adjusted version of the PMI index fell to 51.1, remaining in expansion territory, after slipping from 61.2 in November.
Market Reaction
The loonie continues to bask in the afterglow of a stronger than anticipated December labour market report and has thus, for now, ignored the weaker Ivey PMI report.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
