February’s US ISM Services PMI declined to 52.6 versus the forecast of 53.0, 53.4 previously.
ISM Services Prices Paid also fell to 58.6 from the previous 64.0.
US Factory Orders in January slid to -3.6% MoM, missing the -2.9% forecast, and the previous month’s print saw a downside revision to -0.3% from 0.2%.
Markets shrugged off an uptick in the US S&P Global Composite PMI for February, which ticked up to 52.5 from the forecast hold at 51.4.
Wednesday’s US ADP Employment Change is forecast to print at 150K versus the previous 107K.
The BoC is expected to hold rates at 5.0% on Wednesday.
BoC Preview: Forecasts from seven major banks
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