Canada Manufacturing PMI Shows Activity Declining for Sixth Straight Month in July
Canada's manufacturing sector contracted for a sixth straight month in July as tariffs undercut trade with the United States and spurred firms to reduce inventory as well as staffing levels, data on Friday showed.
The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) edged up to 46.1 in July from 45.6 in June but remained well below the 50 no-change threshold.
A level below 50 indicates contraction in the sector. The PMI has posted sub-50 readings since February...
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