Investing.com - Canada's Ivey purchasing managers’ index expanded at a faster rate than expected in November, easing 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 rose to 56.9 last month from a reading of 51.2 in October. Analysts had expected the index to inch up to 53.2 in November.
A figure above 50.0 indicates industry expansion, below indicates contraction.
USD/CAD was trading at 1.1372 from around 1.1376 ahead of the release of the data.