Based on the last 12 Ivey PMI s.a events in Canada, we expect USDCAD to trend downwards for the next 2 hours. Based on these past events there is a 83.33% chance of this. This may happen because the released value is < 53.2 Historical events that allowed us to draw this conclusion

07 Dec 15:00

07 Oct 14:00

04 Sep 14:00

07 May 14:00

07 Jan 15:00