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Oh Canada! Canada PMI Signals Contraction (As Oil Prices Decline Below $30

This is a syndicated repost published with the permission of Confounded Interest - Online Course Notes For Financial Markets. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Oh Canada!

The Canadian Purchasing Managers Index (PMI) just fell below 50 signalling contraction.

canadapmioil

This is not surprising given that the Edmonton Mix Sweet Crude Oil price has dipped below $30.

Just because the crude oil is termed Sweet, it is a bad idea to drink it.

Bob_and_Doug_McKenzie

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