The report of Canada January Markit Manufacturing PMI showed figures below expectations showing a drop to 54.4, from the reading of 57.9, lower than the 57 of the market consensus.
Shreeya Patel, an economist at IHS Markit said that signs of fragility emerged with the five components of the PMI easing at the beginning of the year. Activity restrictions and border closures continue to threaten exports and factory operations.
The USD / CAD it is rising on Monday, trading above 1.2810 / 15, in the zone of the highs of the day.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
