• Prior 54.1
  • Employment 49.5 vs 49.1 prior
  • Prices 52.2 vs 55.2 prior
  • Inventories 46.8 vs 47.3 prior
  • Supplier deliveries 44.6 vs 45.7 prior

USD/CAD took a little run to 1.0892 on the worse number. Dangerously close to contraction which might be cause for concern later down the line.

Looking at the chart the data doesn’t seem to do so well over the summer.

Canadian Ivey PMI 05 09 2014

Canadian Ivey PMI 05 09 2014