Investing.com – Canada's Ivey purchasing managers’ index rose unexpectedly in September, data showed on Wednesday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index rose to 70.3 in September, after rising to 65.9 in August.
Analysts had expected a result of 63.2 in September.
A figure above 50.0 indicates industry expansion, below indicates contraction.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.37% to hit 1.0121.
In a report, the Richard Ivey School of Business said its purchasing managers’ index rose to 70.3 in September, after rising to 65.9 in August.
Analysts had expected a result of 63.2 in September.
A figure above 50.0 indicates industry expansion, below indicates contraction.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.37% to hit 1.0121.