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

Oh Canada!
The Canadian Purchasing Managers Index (PMI) just fell below 50 signalling contraction.
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.
SOURCE

This post was published at Wall Street Examiner by anthonybsandersgmu ‘ January 7, 2016.