Investing.com - Canada's Ivey purchasing managers’ index contracted for the first time in nine months in December, underlining concern over the health of the economy, industry data showed on Thursday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell to 49.9 last month from a reading of 63.6 in November. Analysts had expected the index to fall to 56.7 in December.
A figure above 50.0 indicates industry expansion, below indicates contraction.
USD/CAD was trading at 1.4102 from around 1.4090 ahead of the release of the data.