Canadian Ivey PMI s.a (Feb) 56.6 vs. Exp. 51.1 (Prev. 50.9)
Newsquawk Staff ·
Canadian Ivey PMI s.a (Feb) 56.6 vs. Exp. 51.1 (Prev. 50.9)
What it means
The Canadian Ivey PMI for February came in significantly above expectations, indicating a robust expansion in the manufacturing sector. This strong reading could hint at increasing business activity, potentially impacting monetary policy discussions and the CAD's strength against other currencies.
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