real-time news and commentary for investors
Tuesday, Oct 1
Canada PMI at 15-month high
- Canada's RBC PMI rises to a 15-month high of 54.2 in September, up from 52.1 in August. New export orders rose to their highest level in two and one half years.
- "The global economy is gaining traction, and, with that, we are seeing increasing demand for Canadian exports - particularly from the manufacturing sector," says RBC's Craig Wright.
- The loonie (FXC) shows little reaction, flat and buying $0.9694.
- Equity ETFs: EWC, FCAN, CNDA, EWCS.