Investing.com - Canada's Ivey purchasing managers’ index expanded at the slowest pace in three months in March, underlining concern over the health of the economy, industry data showed on Wednesday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 50.1 last month from a reading of 56.8 in February. Analysts had expected the index to rise to 55.0 in March.
A figure above 50.0 indicates industry expansion, below indicates contraction.
USD/CAD was trading at 1.3153 from around 1.3165 ahead of the release of the data.