Continued fast pace of Canadian manufacturing growth

|By:, SA News Editor

Canada's November PMI slips a hair from October, but is still a speedy 55.3 - about the highest level in more than two years. "Recent reports suggest that the fourth-quarter hit to U.S. growth will be limited following a solid gain in the third quarter," says RBC's Craig Wood. "A slow and steady increase in U.S. growth will play a big role in setting the stage for a continuation in the recent momentum we have seen in Canadian manufacturing activity over the past few months.” 

Most interesting about the quick pace of activity in Canada is that it comes with the loonie (FXC) at about a 2-year low, now buying just $0.9406.

Canada ETFs: EWC, FXC, CAD, CNDA, FCAN, EWCS