Posted AT 10:51 AM EDT on 04/07/08
Ivey index suggests economy still solid
TORONTO — The Ivey purchasing managers index — an indicator of economic activity in Canada — has come in higher than expected for June at 69.6, pointing to continuing solid expansion.
The index, based on a survey of 175 private-sector and government enterprises selected to reflect the economy as a whole, was up from 67.4 in June 2007 and 62.2 in June 2006.
The latest reading of 69.
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