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Back Fundamental analysis
Canadian dollar still holds upper hand
Canada's manufacturing business activity index jumped sharply
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Canada's manufacturing business activity index jumped sharply in April to 53.3, reaching its highest level since the COVID pandemic. Output rose, and new orders grew markedly — largely a market reaction to the war in the Middle East. Canada's oil sector is operating at full tilt as many buyers seek to rebuild inventories amid growing fears that the escalation will persist, and energy prices will climb further. While consumer demand in Canada, as in many other countries, is being hit by rising gasoline prices and expectations
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Kuvat Raharjo,
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