inflation

Canada’s Services Sector Declines Again Amid Global Uncertainty and Rising Costs

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Canada’s Services Sector Declines Again Amid Global Uncertainty and Rising Costs

Canada’s services sector experienced another downturn in March, marking the fifth consecutive month of contraction. According to data from S&P Global, the decline is largely driven by global uncertainty, particularly linked to tensions in the Middle East, which have delayed client decision-making and reduced new business activity. The Business Activity Index rose slightly to 47.2 … Read more

Canada’s Economic Activity Slips as Ivey PMI Signals First Contraction in Four Months

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Canada’s Economic Activity Slips as Ivey PMI Signals First Contraction in Four Months

Canada’s economic momentum weakened in March, with fresh data showing a return to contraction after several months of expansion. According to the latest Ivey Purchasing Managers Index (PMI), overall business activity fell below the critical growth threshold, indicating a decline in economic performance. The seasonally adjusted PMI dropped sharply to 49.7 in March, down from … Read more