Investing.com - Canada's Ivey purchasing managers’ index grew at a slower rate than expected in October, 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 53.1 last month from a reading of 53.7 in September. Analysts had expected the index to inch up to 54.0 in October.
A figure above 50.0 indicates industry expansion, below indicates contraction.
USD/CAD was trading at 1.3164 from around 1.3159 ahead of the release of the data.