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Canada’s Ivey PMI Rises in July

The Canadian seasonally adjusted Ivey Purchasing Managers’ Index (PMI) rose in July to 68.5 from 58.2 in June, exceeding market expectations, Reuters reported.

Data provides another signal for economic recovery from the impacts of the COVID-19 pandemic.

This comes two months after the index registered a record low of 22.8 in April.

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