Investing.com - The rate of purchasing activity in the Canadian economy jumped in January, a report showed on Monday.
In a report, the Richard Ivey School of Business said its Purchasing Managers’ Index jumped to a seasonally adjusted 64.1 last month, from 63.5 in December.
Economists had forecast a reading of 57.8 in January.
Following the data, the Canadian dollar remained lower against its U.S. counterpart, with USD/CAD down 0.49% to hit 0.9969.
In a report, the Richard Ivey School of Business said its Purchasing Managers’ Index jumped to a seasonally adjusted 64.1 last month, from 63.5 in December.
Economists had forecast a reading of 57.8 in January.
Following the data, the Canadian dollar remained lower against its U.S. counterpart, with USD/CAD down 0.49% to hit 0.9969.