Investing.com - Canada's Ivey purchasing managers’ index contracted for the first time in five months in November, industry data showed on Thursday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 47.5 in November from a reading of 58.3 in October.
Analysts had expected the index to increase to 59.0 in November.
A figure above 50.0 indicates industry expansion, below indicates contraction.
Following the release of the data, the Canadian dollar was little changed against its U.S. counterpart, with USD/CAD easing up 0.01% to trade at 0.9918.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 47.5 in November from a reading of 58.3 in October.
Analysts had expected the index to increase to 59.0 in November.
A figure above 50.0 indicates industry expansion, below indicates contraction.
Following the release of the data, the Canadian dollar was little changed against its U.S. counterpart, with USD/CAD easing up 0.01% to trade at 0.9918.