Seeking Alpha

Continued fast pace of Canadian manufacturing growth

  • 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.
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