continue:
With today estimate better data for CAD for this month, price will not much move up,
and BOC still holding the rate, where everyone already in cutting rate.
What to know is the forward looking on the USMCA discussion where can break down business & consumer confidence..The Ivey PMI for Canada fell to 48.2 in October 2019 from 48.7 in the previous month, well below market forecasts of 54.4 and reaching its lowest level since March 2015. Inventories (45.6 from 50.5 in September); employment (47.2 from 49.6); and supplier deliveries (45.1 from 50.2) dropped; while prices increased (57 from 56.9).
With today estimate better data for CAD for this month, price will not much move up,
and BOC still holding the rate, where everyone already in cutting rate.
What to know is the forward looking on the USMCA discussion where can break down business & consumer confidence..The Ivey PMI for Canada fell to 48.2 in October 2019 from 48.7 in the previous month, well below market forecasts of 54.4 and reaching its lowest level since March 2015. Inventories (45.6 from 50.5 in September); employment (47.2 from 49.6); and supplier deliveries (45.1 from 50.2) dropped; while prices increased (57 from 56.9).