Markit Manufacturing PMI for Canada recovered sharply in June. USD/CAD continues to trade below 1.3600 after the data. The economic activity in Canada’s manufacturing sector contracted at a much softer pace in June than it did in May with the Markit Manufacturing PMI climbing to 47.8 from 40.6. Commenting on the data, “the latest Canada Manufacturing PMI highlights a vastly improved situation in comparison to that seen over the previous three months,” said Tim Moore, Economics Director at the IHS Markit. “Despite another improvement in their expectations for production during the year ahead, manufacturers continued to report highly subdued underlying demand in June, alongside widespread concerns about the global economic outlook.” Market reaction The USD/CAD pair largely ignored this data and was last seen trading flat on the day at 1.3585. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 opens sharply higher on upbeat NFP data FX Street 3 years Markit Manufacturing PMI for Canada recovered sharply in June. USD/CAD continues to trade below 1.3600 after the data. The economic activity in Canada's manufacturing sector contracted at a much softer pace in June than it did in May with the Markit Manufacturing PMI climbing to 47.8 from 40.6. Commenting on the data, "the latest Canada Manufacturing PMI highlights a vastly improved situation in comparison to that seen over the previous three months," said Tim Moore, Economics Director at the IHS Markit. "Despite another improvement in their expectations for production during the year ahead, manufacturers continued to report highly subdued underlying demand… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
