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Canadian Ivey PMI climbs to 52.8 in December

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Investing.com - Canada's Ivey purchasing managers' index expanded more-than-expected in December, after contracting for the first time in five months in November, industry data showed on Monday.

In a report, the Richard Ivey School of Business said its purchasing managers' index rose to 52.8 in December from a reading of 47.5 in November.

Analysts had expected the index to increase to 50.0 in December.

A figure above 50.0 indicates industry expansion, below indicates contraction.

Following the release of the data, the Canadian dollar was higher against its U.S. counterpart, with USD/CAD easing down 0.11% to trade at 0.9863.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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