Canada's Ivey PMI Soars

The Ivey Purchasing Managers Index (PMI) by the end of February 2011 stood at 67.9. The corresponding Ivey PMI figure for January 2011 was 36.6, for February 2010 was 52.9 and for February 2009 was 45.8. This index is confirming other indicators that are showing that the Canadian economy is starting to build strength, which will soon be reflected in a stronger CAD.