Investing.com – Canada's Ivey purchasing managers’ index fell more-than-expected in December, data showed on Thursday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 50.0 in December, after rising to 57.5 in November.
Analysts had expected the index to fall to 52.7 in December.
On the index, a figure above 50.0 indicates industry expansion, below indicates contraction.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.17% to hit 0.9972.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 50.0 in December, after rising to 57.5 in November.
Analysts had expected the index to fall to 52.7 in December.
On the index, a figure above 50.0 indicates industry expansion, below indicates contraction.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.17% to hit 0.9972.