Canada's PMI falls sharply to 57.8 in April from 73.2 previously. While a powering currency may...

|By:, SA News Editor

Canada's PMI falls sharply to 57.8 in April from 73.2 previously. While a powering currency may be taking a toll on Canadian business, recent readings above 70 were not likely be sustained for long under any circumstances. The loonie is weaker, but more likely due to this being a 'risk off' day. FXC -0.6%.