{"id":56357,"date":"2021-12-07T19:26:57","date_gmt":"2021-12-07T15:26:57","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=56357"},"modified":"2021-12-07T19:27:03","modified_gmt":"2021-12-07T15:27:03","slug":"canadas-ivey-pmi-remains-steady-in-november","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/canadas-ivey-pmi-remains-steady-in-november\/12\/07\/market-updates\/","title":{"rendered":"Canada\u2019s Ivey PMI remains Steady in November"},"content":{"rendered":"\n<p>Ivey PMI, which is released by the Richard Ivey School of Business on a monthly basis and depicts the business conditions outlook in Canada, has remained at 61.2 in November after also posting the same reading 61.2 in October.<br><br>As with other PMI indicators, a result above 50 is generally associated with MoM growth in the country&#8217;s economic activity. Therefore, Canada&#8217;s Ivey PMI suggests business conditions in the country remained strong last month. <br><br>USD\/CAD did not see any notable reaction to the latest Ivey PMI data during the current trading session, just as it ignored positive trade figures earlier in the session. <br><br>The pair is currently trading close to session lows in the 1.2660s just above the 21-day moving average at close to 1.2650 and is down about 0.7% on the day. <br><br>Risk-on and an associated rebound in crude oil prices, as markets are eying the possible impact of the recent Omicron-related pessimism.<br><br> The new variant&#8217;s jargon provides circumstances that are helping the Canadian currency to appreciate on Tuesday, only one day ahead of the Bank of Canada\u2019s decision concerning the interest rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ivey PMI, which is released by the Richard Ivey School of Business on a monthly basis and depicts the business conditions outlook in Canada, has remained at 61.2 in November after also posting the same reading 61.2 in October.As with other PMI indicators, a result above 50 is generally associated with MoM growth in the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":56113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6991,7436,7445,8237,6846,8239,8238,7015],"class_list":["post-56357","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bank-of-canada","tag-crude-oil","tag-interest-rate","tag-ivey-pmi","tag-oil","tag-pessimism","tag-risk-on","tag-usd-cad"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=56357"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56357\/revisions"}],"predecessor-version":[{"id":56362,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56357\/revisions\/56362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/56113"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=56357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=56357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=56357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}