Canada PMI Surges to 53.3 in April, USDCAD Dips to Session Lows at 1.3555

Canada's S&P Global manufacturing PMI jumped to 53.3 in April from 50.0 in March, the strongest since June 2022, fueled by sharp rises in output and new orders at a four-year high. Vendor delivery times lengthened to the worst since March 2025, while input costs surged at the fastest pace in 3.5 years, prompting higher selling prices and signaling inflation risks. USDCAD traded near session lows at 1.3555 ahead of the data, underscoring CAD strength and potential downward pressure amid Bank of Canada policy scrutiny.