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.

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