The Ivey manufacturing PMI
- Prior was 52.9
- Non-seasonally adjusted index at 55.6
Three days ago the Canadian manufacturing PMI from RBC was at 49.4 compared to 50.8 in July so the market was probably below the 53.3 expected.
In any case, it's a volatile indicator and doesn't hold much water in the market. USD/CAD relatively unmoved.
