CAD: Ivey PMI

The Ivey PMI value stood at 56.6, which is lower than the forecasted 57.2 and the previous 56.6. This result suggests that activity in the services sector may be weaker than expected, raising concerns about future economic growth in Canada. In response to this data, we can anticipate a weakening of the Canadian dollar and a potential decline in stock indices. Investors should pay attention to market sentiment and volatility, as well as the reactions of the yield curve and the DXY index, to better assess future market directions.