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🇨🇦🇨🇦🇨🇦🇨🇦 Canada
✅ Ivey Purchasing Managers Index (PMI)
Impact level: Medium
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54.1 ▫️ Forecast ----------
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62.7📝 The Ivey PMI is a monthly survey-based indicator measuring business sentiment and activity in Canada’s manufacturing and services sectors; readings above 50 signal expansion, below 50 signal contraction.
📋 Analysis: A sharp surprise beat to
62.7 from 54.1 signals a significant pickup in Canadian business activity and confidence. This stronger-than-expected print could boost CAD sentiment, support risk-on positions in Canadian assets, and may increase expectations for tighter domestic policy if persistent. Watch upcoming employment and CPI releases for confirmation; short-term CAD strength vs majors is likely until further data moderates the move.➡️ @ziwoxglobal
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