Canadian Ivey PMI s.a (Jan) 50.9 vs. Exp. 49.7 (Prev. 51.9)
Newsquawk Staff ·
Canadian Ivey PMI s.a (Jan) 50.9 vs. Exp. 49.7 (Prev. 51.9)
What it means
The Canadian Ivey PMI for January came in at 50.9, beating expectations of 49.7 while also showing a decline from the previous month's reading of 51.9. This stronger-than-expected print could signal a more resilient economic environment than anticipated, possibly influencing market sentiment toward the Canadian Dollar and expectations for future monetary policy.
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