The Canadian economic system went via a significant contraction in the course of the lock-down months, as most main economies did. The financial r
The Canadian economic system went via a significant contraction in the course of the lock-down months, as most main economies did. The financial restoration after the reopening got here later and was slower than in different international locations. Now, the economic system is weakening once more.
Core retail gross sales declined in July whereas the CPI C(shopper value index) inflation turned destructive in August. Yesterday, the Ivey PMI report for September posted a pointy decline for that month. If the information retains softening, then the CAD will flip bearish, sending USD/CAD larger, though crude Oil has a say within the Canadian Greenback as properly.
Sharp fall within the Ivey PMI index
- IVY buying managers index (SA) for September weaker at 54.three factors vs. 67.Eight in August
- Unadjusted index is available in at 61.1 factors
- The index was at 48.7 factors a yr in the past
- three month common is 63.5 factors
- Employment 53.8 factors vs. 56.1 in August
- Stock 44.1 factors vs. 50.9 in August
- Provider deliveries 40.7 factors vs. 51.three in August
- Value is 60.three factors vs. 57.6 in August