Investing.com - Canada's Ivey purchasing managers’ index fell less-than-expected in October, industry data showed on Tuesday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 58.3 in October from a reading of 60.4 in September.
Analysts had expected the index to decline to 58.0 in October.
A figure above 50.0 indicates industry expansion, below indicates contraction.
Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD shedding 0.24% to trade at 0.9940.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 58.3 in October from a reading of 60.4 in September.
Analysts had expected the index to decline to 58.0 in October.
A figure above 50.0 indicates industry expansion, below indicates contraction.
Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD shedding 0.24% to trade at 0.9940.