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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