Investing.com - Canada's Ivey purchasing managers’ index expanded at a slower rate than expected in October, underlining concerns over the country’s economic outlook, industry data showed on Thursday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 51.2 last month from a reading of 58.6 in September. Analysts had expected the index to decline to 57.0 in October.
A figure above 50.0 indicates industry expansion, below indicates contraction.
USD/CAD was trading at 1.1403 from around 1.1398 ahead of the release of the data.