BREAKING: CAD weakens after upbeat Canada's Ivey PMI data

Canada's Ivey Purchasing Managers Index rose sharply to 60.10 in January, rebounding from upwardly revised 49.3 (33.4) in the previous month, beating analysts' estimates of 42.3.

Firms expanded their workforce at a faster pace (60.5 vs. 59.5 in December) while there was a reduction in inventories (52.7 vs. 53.9). At the same time, the rate of inflation eased (63.6 from 67.5) while supplier deliveries were slower than the previous month (52.3 from 49.1).

One need to keep in mind that this highly volatile low-tier manufacturing survey, which should not be used as a standalone indicator.

Manufacturing sector rebounded sharply in January. Source: https://iveypmi.uwo.ca/

USDCAD broke above resistance level at 1.3450 after release of today's PMI data. Source:xStation5

28 October 2026, 1:56 PM

BREAKING: Bank of Canada hikes for the first time in 3 years but signals caution on further moves

28 October 2026, 9:51 AM

RBNZ surprises markets: New Zealand Dollar slumps after unexpected rate decision ✂️

28 October 2026, 7:04 AM

Economic calendar: key central bank decisions from the Fed and BoC 🔎

28 October 2026, 6:42 AM

Morning wrap (28.10.2026)

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