Manufacturing PMI falls more than expected in January to 54.4

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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.

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