Canada economy

Canada’s Economic Activity Slips as Ivey PMI Signals First Contraction in Four Months

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Canada’s Economic Activity Slips as Ivey PMI Signals First Contraction in Four Months

Canada’s economic momentum weakened in March, with fresh data showing a return to contraction after several months of expansion. According to the latest Ivey Purchasing Managers Index (PMI), overall business activity fell below the critical growth threshold, indicating a decline in economic performance. The seasonally adjusted PMI dropped sharply to 49.7 in March, down from … Read more

Canadian Dollar Edges Higher as Markets Watch Iran Deadline and Economic Signals

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Canadian Dollar Edges Higher as Markets Watch Iran Deadline and Economic Signals

The Canadian dollar posted a slight increase against the U.S. dollar, supported by rising oil prices but limited by weaker domestic economic data. On the trading day, the currency strengthened by 0.1%, reaching approximately 1.3900 per U.S. dollar, or about 71.94 U.S. cents. During the session, the loonie fluctuated within a narrow range of 1.3892 … Read more