Manufacturing PMI, which we follow from the US, expanded to 50.3 in January, while it was expected to remain unchanged at 47.9. Services PMI, which was expected to decline in January, performed better than the previous month and expectations with 52.9 and continues to remain in the expansion zone. In Canada, no change was expected in the BoC rate decision and the rate was left unchanged at 5.00% in line with market expectations. #USPMI #BoCInterestRate #USData #ServicePMI #BoCDecision
Later in the day, we will follow developments such as US PMI and crude oil stocks data, Bank of Canada (BoC) interest rate decision, and press release... #USPMI #BoCDecision #InterestRates #FinancialUpdates #OilPrices #CrudeOilStocks #BoCPressRelease