The activity report of Markit PMI for the manufacturing sector showed figures in line with expectations. In November, Manufacturing PMI index rose from 55.5 in October to 55.8 in November, matching the market consensus.
The latest survey data shows encouraging signs for Canada’s manufacturing sector, which continues to rebound from the second-quarter slump, said Shreeya Patal, an economist at IHS Markit.
The loonie was not affected by the data. The USD / CAD continues to trade in the 1.2960 area. Against commodity-linked currencies, the CAD remained in positive territory with modest gains.
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