TORONTO, Jan 7 (Reuters) - Canadian economic activity
expanded in December as employment increased at the fastest pace
in 10 months, Ivey Purchasing Managers Index (PMI) data showed
on Wednesday.
The seasonally adjusted index rose to 51.9 last month from
48.4 in November.
The Ivey PMI measures the month to month variation in
economic activity as indicated by a panel of purchasing managers
from across Canada. A reading above 50 indicates an increase in
activity.
The gauge of employment increased to an adjusted 53.0 from
48.0 in November, posting its highest level since February,
while the prices index was at 63.2, down from 66.1.
The unadjusted PMI dipped to 43.3 from 44.5.