Canadian Ivey PMI s.a (Dec) 51.9 vs. Exp. 49.5 (Prev. 48.4)
Newsquawk Staff ·
Canadian Ivey PMI s.a (Dec) 51.9 vs. Exp. 49.5 (Prev. 48.4)
What it means
The Canadian Ivey PMI for December printed at 51.9, significantly exceeding expectations of 49.5 and surpassing the previous month's level of 48.4. This stronger-than-expected data indicates a potential acceleration in economic activity, which may influence market sentiment and expectations around Canadian monetary policy going forward, particularly regarding interest rates.
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