Canada June PMI 62.5 vs 52.0 expected- Prior was 52.0
- Non-seasonally adjusted vs 59.1 prior
This is a low-tier indicator but the Bank of Canada is in a tight spot right now. The market was 50/50 ahead of the Canadian jobs report but has shifted to 56% in favor of a cut.
This article was written by Adam Button at www.forexlive.com.
Source: Canada June PMI 62.5 vs 52.0 expected (https://www.forexlive.com/news/canada-june-pmi-625-vs-520-expected-20240705/)
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