Canada Services Sector Contracts for Fourth Month
Canadas services economy contracted for a fourth straight month in September as ongoing tariffs and geopolitical uncertainty weighed on business activity. The headline Business Activity Index rose slightly to 48.3 but remained below the crucial 50 threshold.
Insights:
Canada's services sector contracted for a fourth consecutive month in September, driven by ongoing trade friction and geopolitical uncertainty. The headline Business Activity Index rose to 48.3 from 46.8 in August, remaining below the 50 threshold that separates growth from contraction. The downturn reflects persistent pressure on operating expenses and a decline in export demand.
