Investing.com – Canada's Ivey purchasing managers’ index fell significantly more-than-expected in October, data showed on Thursday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 56.7 in October, after rising to 70.3 in September.
Analysts had expected the index to fall to 69.7 in October.
On the index, a figure above 50.0 indicates industry expansion, below indicates contraction.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.14% to hit 1.0036.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 56.7 in October, after rising to 70.3 in September.
Analysts had expected the index to fall to 69.7 in October.
On the index, a figure above 50.0 indicates industry expansion, below indicates contraction.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.14% to hit 1.0036.