Seeking Alpha

Canada PMI gains in February

  • Manufacturing activity picked up in February, the RBC Canadian Manufacturing PMI rising to 52.9 from 51.7. Among the subindexes, New Orders saw growth, but at a slower pace, falling to 52.6 from 52.9 - the weakest pace in six months, with the Supply Chain Management Association noting the particularly weak pace of export sales (even with the sliding loonie?).
  • The loonie (FXC -0.2%) remains lower, with events overseas more likely driving the action today.
  • ETFs: EWC, CNDA, FCAN, EWCS
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