Canada Factory PMI Contracts in October
Canada manufacturing activity contracted in October for the first time this year. Tariffs and supply chain disruptions drove down both output and new orders. Meanwhile, input and output price pressures intensified to multi-year highs.
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Canada's manufacturing sector contracted for the first time this year in October, with the PMI falling to 49.6 from 51.5 in September. The downturn follows escalating trade tensions with the United States and rising input costs. Investors face mounting supply-chain disruptions and intensifying price pressures across North American industrial markets.
