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Canada: Ivey PMI turns expansionary, from 43.1 to 54.8 in January

The January Ivey PMI turned expansionary by rising from 43.1 to 54.8. The seasonally adjusted PMI rose from 52.8 to 58.9, beating the 53.6 consensus.

Forex: USD/CAD plunges on upbeat Canadian data

The recovering USD/CAD was stonewalled during American trading Wednesday, as the pair nosedived 42 pips off its session high (0.9990) to trade presently at 0.9967/68 in these moments. In the aftermath of some upbeat Canadian data, the CAD has made a valiant push though the pair still is trading positively.
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