Canada Ivey PMI - much better but markets in Risk-Off and don't care

This afternoon at 15:00 GMT on Tuesday March 6th 2012 (10:00 EST) the Ivey PMI figures were released from Canada. These numbers usually do not cause much of a reaction unless there is a very big deviation, however sometimes a more modest deviation can cause a slower trend to form.

The figures were quite good, however the market is in Risk-off mode as the amount of PSI involvement of the Greek Bond Swap deal is very much getting attention as the final deadline approaches.

Here is the data:

Canada Ivey Purchasing Managers Index
Estimates -> Median: 62.0 Average: 62.4 Low: 58.5 High: 66.0
Actual: 66.5 Prior: 64.1 No Revision

Here are 2 quick 5 minute charts of USDCAD and CADJPY forex pairs, just for the record...