Canadian PMI Destroys Expectations At 66.5

Canada

Photo: Debs via Flickr

ORIGINAL POST: Last big economic datapoint of the day.Canadian PMI — technically the Ivey PMI — comes out at 10:00 AM.

Analysts expect 62.0 down from 64.1 in the previous month.

Given Canada’s role in commodities and so on, this should not be discounted.

UPDATE:

It’s a big beat.

66.5 is well ahead of 62.0, and nicely ahead of 64,1 last year.

Given Canada’s role in global commodity trade and so on, this is good news.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

canada moneygame-us