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Canada: Ivey PMI tumbles to 40.2 in December

FXstreet.com (Barcelona) - Canada's Ivey PMI dropped to 40.2 points in December, from 48.2 points in November, according to data released today by the Richard Ivey School of Business.

Ivey PMI s.a. slid to 46.3 points in December, from 53.7 points the previous month and against expectations of a rise to 54.5.

USD/CAD soars to fresh 3 ½-year high

The USD/CAD strengthened further and broke above the 1.0700 level after data showed the US trade deficit narrowed while the Canadian gap rose in November. The rally was fueled by disappointing Canadian Ivey PMI which came in at 46.3 versus 54.5 expected.
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