Canada Ivey PMI January 56.8 vs 51.0 expected

Posted by FXStreet

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  • Canada’s Ivey PMI jumped to 53.6 points in January, from 40.2 points in December, according to data released today by the Richard Ivey School of Business. 

    Ivey PMI s.a. grew to 56.8 points in January, from 46.3 points the previous month and above expectations of a rise to 51.0.Prior reading was 46.3

A rare slice of good news for the loonie. USD/CAD down a dozen pips on the headline.