Canada Business Activity Data

• Business Activity Index (PMI) Ivey (Oct), fact 48.2, forecast 49.3.

Business activity in Canada has slowed to five-year lows, adding to fears of a slowdown in Canada.

Fig. 1. Canada Business Activity Index (PMI) chart

Against the background of data on Canada, the Canadian currency remains under the pressure, despite the positive dynamics of raw materials and the preservation of optimism on the stock exchanges. The USD/CAD pair maintains the upward trend, limited by resistance levels: 1.3200 and 1.3230, support: 1.3150 and 1.3130.

Fig. 2. USD/CAD chart

Read also: “The national currency exchange
rate as an advantage in trade talks ”

Hanzenko Anton

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