February 2016 Canadian RBC manufacturing PMI data report 1 March 2016
- New orders 49.4 vs 49.6
Marking the 7th month now in contraction but still clawing it's way back up. Not a big one for the loonie which has bounced from the 1.3455 support to 1.3481
"The U.S. expansion alongside a more competitive Canadian dollar is continuing to drive stronger export sales and stabilize manufacturing conditions," said Craig Wright, senior vice-president and chief economist, RBC. "At a regional level, the sharp improvement in Ontario's manufacturing sector during February was a key factor in raising the Manufacturing PMI to its highest level since August 2015".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.