Read more
2:06 PM · 7 May 2024

Ivey PMI data from Canada comes in well above expectations

-
-
Open account Download free app

 - Canada, Ivey PMI for April. Actual: 63.0. Expected: 58.1. Previous: 57.5

It is worth noting that much of the rebound in the Ivey PMI index is related to the price factor. The price sub-index is back above the 50-point level. In theory, mounting price pressures could limit the chances of an interest rate cut. The valuation for June still points to the 70% level. This Friday, labor market data, which could still stir up a lot in the Canadian dollar market. 

The likelihood of a rate cut in Canada in the coming months. As you can see, the market is pricing that the cut will take place in June or July. Source: Bloomberg

Despite clearly exceeding analysts' expectations; USDCAD pair does not react excessively to macro data reading

19 January 2026, 6:45 PM

Daily summary: Its fear, but not panic yet. Trump has shaken the markets again.

19 January 2026, 3:31 PM

New front in the trade war: Greenland❄️Will Gold rise further❓

19 January 2026, 1:40 PM

Canada's December CPI surprised to the upside ❓🏛️

19 January 2026, 11:49 AM

MIDDAY WRAP: European indices under pressure from the Greenland dispute, Japan announces snap elections 🎙️

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits