The Ivey PMI, Canada’s non-seasonally adjusted composite manufacturing-services purchasing managers index, fell to 51.8 July from 58.2 in June. The consensus was for a dip to 55.0. Combined with this morning’s weak employment data north of the border, it has not been a good data day for the Loonie.
USD/CAD trades at 1.0845, eying session highs of 1.0863 after the employment report.
