- Analytics
- News and Tools
- Market News
- Canada: Ivey PMI declines unexpectedly to 48.6 in July vs. 52.7 expected
Canada: Ivey PMI declines unexpectedly to 48.6 in July vs. 52.7 expected
- Loonie remains among the worst performers on Friday after another economic report below expectations.
- Ivey Purchasing Maanger’s Index falls to 48.6 in July from 50.2 in June.
- USD/CAD marginally higher for the day, around 1.3360, unable to profit from a weaker US Dollar.
The Canadian Ivey Purchasing Manager’s Index (PMI) fell in July to 48.6 from 50.2, a reading worse than the market consensus of 52.7. The Ivey Employment Index fell from 57.6 to 54.2 and the Price Index rebounded from 60.6 to 65.1. Earlier on Friday, the Canadian jobs report showed a decline in jobs during July.
Market reaction:
The Loonie is one of the worst-performing currencies on Friday, in response to the Canadian jobs report. The USD/CAD pair is slightly higher but far from the daily highs, primarily due to a general decline in the US Dollar following the release of the Nonfarm Payrolls. Currently, the pair is hovering around 1.3365, having been rejected from levels below 1.3350.
© 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
