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Canada's May PMI rises to 54.7 vs. expectations of 54.3 and 53.3 previously. It's the biggest...

Canada's May PMI rises to 54.7 vs. expectations of 54.3 and 53.3 previously. It's the biggest jump for the series since September. RBC (the report's author) notes particularly strong gains in employment and new export orders (which rose at the fastest pace since March 2011). The loonie remains sharply lower vs. the dollar as risk markets sell off worldwide.
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