Investing.com – Canada's Ivey purchasing managers’ index increased unexpectedly in November, data showed on Monday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index rose to 57.5 in November, after falling to 56.7 in October.
Analysts had expected the index to fall to 56.2 in November.
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 0.35% to hit 1.0075.
In a report, the Richard Ivey School of Business said its purchasing managers’ index rose to 57.5 in November, after falling to 56.7 in October.
Analysts had expected the index to fall to 56.2 in November.
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 0.35% to hit 1.0075.